March 21, 2018

Cigna to Acquire Express Scripts for $67 Billion

St. Louis, MO – Cigna Corporation (NYSE: CI) and Express Scripts Holding Company (NASDAQ: ESRX) have announced that they have entered into a definitive agreement whereby Cigna will acquire Express Scripts in a cash and stock transaction valued at approximately $67 billion, including Cigna’s assumption of approximately $15 billion in Express Scripts debt. The merger consideration will consist of $48.75 in cash and 0.2434 shares of stock of the combined company per Express Scripts share…[Continue Reading]

ICW Group Continues Workers’ Comp Growth in Midwest & Mid-Atlantic Regions

San Diego, CA – ICW Group Insurance Companies, a group of property and casualty carriers, recentlyannounced it has actively begun writing workers’ compensation insurance in five new primary states — Iowa, Kentucky, Maryland, Minnesota and Missouri. “ICW Group is excited to offer a more competitive work comp option for Midwest and Mid-Atlantic agents and brokers. Our expansion provides agents the opportunity to deliver their clients ICW Group’s hallmark of service excellence and affordability…[Continue Reading]

SFM Foundation Celebrates 10th Anniversary

Bloomington, MN – SFM Foundation marks an important milestone this year, celebrating a decade of service to families whose lives have been impacted by workplace injuries. In its first 10 years, the Foundation has provided post-secondary scholarships for 129 students whose parents were severely injured or killed on the job. Scholarships awarded by the Foundation to date total $1.4 million. SFM Foundation began in 2008, with a group of employees of SFM Mutual Insurance looking for a way to ease…[Continue Reading]

CA DWC Suspends 10 Medical Providers

The Division of Workers’ Compensation (DWC) has suspended 10 more medical providers from participating in California’s workers’ compensation system, bringing the total number of providers suspended to 207. DWC Administrative Director George Parisotto issued suspension orders against the following providers because their licenses were suspended, surrendered or revoked: Gerald David Ebner, Santa Maria physician, surrendered his medical license in 2017 based on grounds of sexual…[Continue Reading]

PCI Urges Indiana Governor to Sign Workers’ Compensation Formulary Bill

Chicago, IL – The Property Casualty Insurers Association of America (PCI) is urging Indiana Gov. Eric Holcomb to sign SB 369, which adopts an evidence-based workers compensation drug formulary. The Indiana Senate concurred with House amendments March 6, and the bill will now be sent to the governor. “Evidence-based pharmaceutical formularies such as included in SB 369 can help to ensure timely delivery of appropriate medical care to injured workers to achieve optimum health and return-to-work…[Continue Reading]

FL CFO Jimmy Patronis: Florida Shows Up for First Responders Struggling with PTSD

Tallahassee, FL – Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis recently issued the following statement regarding the final unanimous passage of his top legislative priority, Senate Bill 376. The bill will now be ready to head to Gov. Rick Scott for signature. “From day one this has been a life or death issue. Our firefighters are attempting suicide at a rate FIVE TIMES HIGHER than the general population, and they are thinking about suicide at a rate NINE TIMES HIGHER than the general…[Continue Reading]

CWCI Continues Case Law Series with 2018 Update

Oakland, CA – For the twentieth consecutive year, California Workers’ Compensation Institute (CWCI) will present its seminal case law seminar, scheduled in May in both San Francisco and Long Beach. The full-day program will examine how recent trends in decisional law are reshaping California workers’ compensation, and discuss appropriate negotiation and defense strategies for claims personnel, attorneys, hearing reps, and others with negotiating authority. CWCI’s General Counsel Ellen Sims Langille notes…[Continue Reading]

MS Physician Convicted for Role in $3 Million Compounding Pharmacy Fraud Scheme

Biloxi, MS – A federal jury recently found a Biloxi, Mississippi physician guilty for his role in an approximately $3 million compounding pharmacy fraud scheme. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division; U.S. Attorney D. Michael Hurst Jr. of the Southern District of Mississippi; Special Agent in Charge Christopher Freeze of the FBI’s Jackson, Mississippi, Field Division and Acting Special Agent in Charge Ted Magee of Internal Revenue Service Criminal…[Continue Reading]

IAIABC Launches Second Annual NextGen Initiative

Middleton, WI – The IAIABC is excited to kick off its second annual NextGen Initiative on Monday, March 5! IAIABC NextGen is an awards program which recognizes individuals under the age of 40 who are having an impact and contributing to their organizations and the workers’ compensation industry. In 2017, 11 individuals received the NextGen award. These individuals had diverse backgrounds and experiences in workers’ compensation, with talents including actuarial work, analytics, coverage, product…[Continue Reading]

Chesapeake Employers Insurance Declares $20 Million in Corporate Dividends

Towson, MD – The Board of Directors of the Chesapeake Employers’ Insurance Company is pleased to declare a $20 million corporate dividend to qualifying policyholders who have contributed to the company’s financial success. Ten million dollars a year will be paid out over two, consecutive years beginning with July 1, 2018 renewal quotes. “Those who will receive a dividend are qualifying policyholders whose loss ratio proves they are committed to workplace safety, preventing injuries, and helping…[Continue Reading]

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