Cambridge, MA – A new study from the Workers Compensation Research Institute (WCRI) examines the effects of must-access prescription drug monitoring programs (PDMPs) and recent regulations limiting the duration of initial opioid prescriptions on various outcomes for workers with work-related injuries. “The policies examined were part of an extensive effort by stakeholders at local, state,… [Read more]
Industry News
Berkley Asset Protection Issues Dividends to Eligible Workers’ Comp Policyholders
New York, NY – Berkley Asset Protection, a Berkley Company, recently announced it has dispersed this year’s dividends to eligible policyholders in its Workers’ Compensation Safety Group & Dividend Plans. Dividends represent a percentage of 2019 earned premium based on the loss ratio of each group and the dividends for 2021 range from 12% to… [Read more]
ClearPath Mutual Launches “One Southern Indiana” Workers’ Comp Discount Program
Louisville, KY – ClearPath Mutual Insurance Company recently announced that it has partnered with One Southern Indiana (1si), the chamber of commerce and economic development engine for Southern Indiana, to offer its members 10% savings on their estimated annual Workers’ Compensation premium. Businesses are eligible for the program if they have been in existence for… [Read more]
W. R. Berkley Corporation Reports Second Quarter 2021 Results
Greenwich, CT – W. R. Berkley Corporation (NYSE: WRB) recently reported its second quarter 2021 results. Second quarter highlights included: Net premiums written increased 27.2%. The reported combined ratio was 89.7%. The current accident year combined ratio before catastrophe losses of 2.2 loss ratio points was 87.5%. Return on equity of 15.0%. Record quarterly underwriting… [Read more]
NY AG Announces Proposed $26 Billion Global Agreement with Opioid Distributors/Manufacturer
New York, NY – New York Attorney General Letitia James recently announced an historic proposed $26 billion agreement that will help deliver desperately needed relief to communities across New York and the rest of the nation struggling with opioid addiction. The proposed agreement will resolve claims against three of the nation’s largest drug distributors — McKesson… [Read more]
Akeso Medical Holdings Buys South Coast Medical Clinic, Expanding into San Diego
Irvine, CA – Akeso Medical Holdings recently announced it has completed its acquisition of South Coast Medical Clinic, located in the heart of San Diego. With the acquisition, Akeso will be able to expand its footprint into San Diego county. “The practice has been providing local employers with the highest level of services for decades,… [Read more]
CopperPoint Names Kris Mathis Chief Workers’ Compensation Claims Officer
Phoenix, AZ – CopperPoint Insurance Companies recently announced that Kris Mathis has been appointed Senior Vice President and Chief Workers’ Compensation Claims Officer. Mathis will succeed Ginny Arnett Caro who plans to retire at year-end after 21 years with the company. In this role, Mathis will oversee all workers’ compensation claims operations for the enterprise.… [Read more]
The Hanover Reports Second Quarter 2021 Results
Worcester, MA – The Hanover Insurance Group, Inc. (NYSE: THG) recently reported net income of $128.5 million, or $3.52 per diluted share, in the second quarter of 2021, compared to $115.2 million, or $3.01 per diluted share, in the prior-year quarter. Operating income (1) was $104.0 million, or $2.85 per diluted share, for the second… [Read more]
CA WCIRB Releases 2021 State of CA Workers’ Comp System Report
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its 2021 State of the System report highlighting key metrics of the California workers’ compensation system, including the latest trends on rates, market characteristics and profitability. The annual report is developed to provide workers’ compensation professionals with a comprehensive view of… [Read more]
Tomorrow: Transitions Webinar: Reimagining Marketing Methods
Ponte Vedra, FL – The Transitions recently announced its next free webinar, which continues to discuss preparing for future generations in our industry – this time, with a focus on Marketing methods. As younger generations continue to enter the insurance and workers’ compensation workforce, we must start to adapt our Marketing strategy and technologies to… [Read more]