Oldwick, NJ -(BusinessWire)- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to AmFed Advantage Insurance Company (AmFed Advantage) (Ridgeland, MS). The outlook assigned to these Credit Ratings (ratings) is stable. AmFed Advantage is a wholly owned subsidiary of AmFed National Insurance Company (AmFed National),… [Read more]
Association, Rating & Research News
IAIABC Announces 2019 NextGen Award Nominations Now Open
Middleton, WI – The IAIABC recently announced the kick off its third annual NextGen initiative, which recognizes individuals under the age of 40 who are having a positive impact on the workers’ compensation industry and doing exemplary work for their organizations. Nominations can be made for any individual under the age of 40 who is… [Read more]
ReEmployAbility Releases Annual RTW Program and Community Impact Results for 2018
Tampa, FL – ReEmployAbility recently released its Annual Program Results Summary from its flagship Transition2Work program. The 2018 summary provides an overview of the program’s success in the areas of community impact, performance results, and injured worker outcomes through fiscal year 2018. Since 2007, the nationwide Transition2Work program has placed injured employees at local not-for-profit… [Read more]
Conference Chronicles – WCRI: Challenges of Telemedicine
Phoenix, AZ – At the 2019 WCRI Annual Conference, a session discussed the challenges and opportunities of telemedicine. The panel was: Moderator: Dr. David Deitz, David Deitz & Associates Speakers: Ms. Amy Lee, Texas Department of Insurance Mr. Kurt Leisure, The Cheesecake Factory Mr. Dan Allen, Construction Industry Service Corporation (CISCO) Dr. Stephen Dawkins, Caduceus… [Read more]
Conference Chronicles – WCRI: Opioids in Workers’ Comp: Research and Reduction Efforts
Phoenix, AZ – At the 2019 WCRI Annual Conference, a session discussed a variety of research and efforts relating to the opioid epidemic. Moderator: Mr. Tim Hassett-Salley, WCRI Speakers: Dr. Vennela Thumula, WCRI Dr. Letitia Davis, Massachusetts Department of Public Health Ms. Jacqueline Kurth, Industrial Commission of Arizona Mr. Jason Porter, Industrial Commission of Arizona… [Read more]
AM Best Revises Outlooks to Stable for Old Glory Insurance Company
Oldwick, NJ -(BusinessWire)- AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Old Glory Insurance Company (Old Glory) (Tyler, TX). The ratings reflect Old Glory’s balance sheet strength, which AM Best categorizes as strong, as well as… [Read more]
National Safety Council to Employers: Address Employee Fatigue Immediately
Itasca, IL- According to National Safety Council research, 90% of America’s employers have been negatively impacted by tired employees. Forty-three percent of employees admit they may be too tired to function safely at work. With fatigue becoming an increasingly common workplace hazard, the National Safety Council is calling on all employers to implement comprehensive programs… [Read more]
New WCRI Study: Higher Deductibles in Group Health May Increase Filings for Workers’ Comp
Cambridge, MA – A new study from the Workers Compensation Research Institute (WCRI) examines whether employees injured at work are more likely to file under workers’ compensation instead of group health insurance when their group health plan has a higher deductible. The study has great relevance since the number of workers in health insurance plans… [Read more]
CWCI: NSAIDs Overtake Opioids as Top Workers’ Comp Drug Group; Dermatologicals Most Costly
Oakland, CA – A new California Workers’ Compensation Institute (CWCI) study has found that non-steroidal anti-inflammatories (NSAIDs) have supplanted opioids as the most common therapeutic drug group prescribed to injured workers in California, while payment data show that both dermatological medications and anticonvulsants now rank ahead of opioids in terms of total reimbursements. Using data… [Read more]
Forty-Five Experts Elected to National Academy of Social Insurance
Washington, DC – The Board of Directors of the National Academy of Social Insurance recently approved the election of 45 distinguished social insurance experts to the Academy, adding to the total active Membership of over 1,100. “Members are essential to the Academy’s work,” says William Arnone, the Academy’s Chief Executive Officer. “We welcome our newest… [Read more]