Today’s issue of WorkCompRecap features the recent announcement from Safety National’s Insurance Data Services that they have launched CompMark, the first database devoted exclusively to aggregating self-funded workers’ comp claim data from multiple TPAs to provide relevant benchmarking reports. CompMark currently houses data for around 7.5 million claims, and IDS is actively seeking additional member participants. Find out more by clicking here!
Also in the news today are two pieces of dividend news, with MEMIC announcing it will be distributing a record $16 million dividend in November, up $3 million from last year. The Ohio BWC also recently announced that it is distributing the final $81.7 million from its “Billion Back” program, the latest recipients being private employers that participate in Group-retrospective Rating.