Cambridge, MA – Medical payments per workers’ compensation claim with more than seven days of lost time were fairly stable in North Carolina from 2014 to 2019, with the average payment lower than the median of 18 states studied, according to a recent study by the Workers Compensation Research Institute (WCRI). From 2014 to 2019,… [Read more]
Industry News
Harvard MedTech Appoints Mark Moore as Senior VP, Market Partnerships
Las Vegas, NV – Harvard MedTech recently announced that senior sales and business development executive Mark Moore is joining the company as Senior Vice President, Market Partnerships. Harvard MedTech is a breakthrough digital health company that combines virtual reality, behavioral therapy, and artificial intelligence in a revolutionary new approach to healing trauma and pain. “As… [Read more]
NSC’s John Dony Appointed to National Advisory Committee on Occupational Safety and Health
Itasca, IL – The National Safety Council recently announced the appointment of John Dony, senior director of thought leadership, to the National Advisory Committee on Occupational Safety and Health (NACOSH). The 12-member committee advises, consults with and makes recommendations to the Secretaries of Labor and Health and Human Services on matters related to occupational safety… [Read more]
APCIA Commends Inclusion of Marijuana Impairment Research in Historic Infrastructure Package
Washington, DC – The American Property Casualty Insurance Association (APCIA) recently released a statement from Nat Wienecke, senior vice president of federal government relations commending the inclusion of marijuana impairment research in The Surface Transportation Investment Act, which was recently signed into law by President Biden: “America’s insurers are optimistic for a safer future for… [Read more]
TDI Announces New Leader in Customer Operations
Austin, TX – The Texas Department of Insurance (TDI) welcomes Matt Tapp as the new associate commissioner for the Customer Operations Division. Tapp previously served as the deputy commissioner of the Agency Services Division at the Indiana Department of Insurance. Tapp has an economics degree from Butler University, a law degree from Regent University School… [Read more]
VA Doctor Sentenced to Three Years’ Imprisonment for Over-Prescribing Opioids
Roanoke, VA – A Roanoke, Virginia doctor was sentenced to 36 months in prison, a fine of $10,000, and a forfeiture money judgment of $500,000 yesterday for distributing and dispensing Schedule II controlled substances to patients outside the usual course of professional practice and not for a legitimate medical purpose. The controlled substances charged included… [Read more]
Harvard MedTech Documents Effectiveness of Vx Therapy in Promoting Pain Resiliency
Las Vegas, NV – The combination of virtual reality and behavioral health is a novel and effective option for resolving pain in the workplace, according to results of a recent article published in the peer-reviewed journal “Pain and Therapy.” “Up until now, the primary way to treat people with chronic pain or the effects of… [Read more]
ISG and Shift Technology Join Forces to Help Detect and Deter Insurance Fraud
Boston, MA – Insight Service Group (ISG) and Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, recently announced the two organizations have entered a new partnership. As a result, insurance carriers, third party administrators and self-insured organizations in the workers’ compensation, and property and casualty markets can… [Read more]
Texas Mutual Distributes $3.3 Million in Early Qualifier Dividends
Austin, TX – Texas Mutual Insurance Company, the state’s leading workers’ compensation provider, distributed $3.3 million in early qualifier dividends to over 2,500 newer policyholders this month. This is the final phase of the company’s $330 million dividend distribution to over 57,000 policyholders this year. This also marks the 23rd year Texas Mutual has paid… [Read more]
AM Best Revises Issuer Credit Rating Outlook to Positive for ICW Group and Subsidiaries
Oldwick, NJ -(BusinessWire)- AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Insurance Company of the West (headquartered in San Diego, CA) and its pooled subsidiaries, collectively referred… [Read more]