Oakland, CA – The WCIRB recently released its 2018 State of the California Workers’ Compensation Insurance System Report, which highlights the cost of California workers’ compensation insurance based on premiums paid by insured employers, illustrates how premium dollars are distributed among various system components, details key cost drivers in the system and provides a summary… [Read more]
Industry News
York RSG Acquires TPA Business from Key Risk
Parsippany, NJ – York Risk Services Group recently announced that it has acquired the third-party administration business of Key Risk Management Services, LLC (KRMS), a Berkley company. With more than 55 years of claims administration and diverse risk management expertise, York will offer KRMS’ current clients a more holistic approach while providing the same commitment… [Read more]
Megan Watt to Lead Chubb North America Claims as Executive Vice President
Whitehouse Station, NJ – Chubb has appointed experienced insurance leader, Megan Watt, as Executive Vice President, Head of North America Claims. In this role, she will lead all aspects of Chubb North America claims management, service and administration for the commercial and personal insurance businesses. Ms. Watt will be based in Basking Ridge, New Jersey,… [Read more]
Final Defendant Pleads Guilty to Defrauding CA Workers’ Comp System
Fresno, CA – U.S. Attorney McGregor W. Scott recently announced that John Thomas Terrence pleaded guilty to health care fraud involving a scheme to defraud the California workers’ compensation insurance system. According to court documents, Terrence, a clinical psychologist saw patients in Bakersfield by “Skype,” generated reports for each patient that were virtually word-for-word identical,… [Read more]
CA DWC Announces Formation of Pharmacy and Therapeutics Advisory Committee
San Francisco, CA – The Division of Workers’ Compensation (DWC) is recently announced the formation of the Pharmacy and Therapeutics (P&T) Committee. The P&T Committee is established pursuant to Assembly Bill No. 1124 (2015) as an advisory body that will consult with the DWC Administrative Director on updates to the Medical Treatment Utilization Schedule Drug… [Read more]
EnableComp Expands Leadership as Vik Agrawal Joins Board
Franklin, TN – EnableComp LLC recently announced the appointment of Vik Agrawal to its Board of Directors. Agrawal is a healthcare technology entrepreneur and investor who started several successful businesses in the past two decades. Currently, he serves as Chairman of Levrx Technology and Managing Partner for Vik Brothers NY. He previously served as Executive… [Read more]
Ohio BWC Secures Seven Convictions in June
Columbus, OH – Six current and one former Ohioan who owe more than $269,000 in restitution to the Ohio Bureau of Workers’ Compensation (BWC) were convicted in June on charges related to workers’ compensation fraud. Those convicted included six employers and one injured worker who was working in Colorado while collecting disability benefits from BWC.… [Read more]
NCCI Releases Q2 2018 Quarterly Economics Briefing
Boca Raton, FL – NCCI recently announced the release of the Q2 2018 edition of its Quarterly Economics Briefing, which examines the current state of the economy and implications for workers compensation insurance, and is separated into two sections: “Review of Current Conditions”, and “Drilling Down” Review of Current Conditions Key takeaways include: Employment growth… [Read more]
US DOJ Announces Regulatory Steps to Address Opioid Epidemic
Washington, DC – The Department of Justice recently announced the finalization of an April proposal to improve the Drug Enforcement Administration’s ability to control the diversion of dangerous drugs in the midst of the national opioid crisis. Announced in April by Attorney General Jeff Sessions, the final rule sent for publication in the Federal Register… [Read more]
Pinnacol’s Terrence Leve Named Top National General Counsel
Denver, CO – Pinnacol Assurance’s chief legal and corporate resources officer, Terrence “Terry” Leve, was recently named a 2018 First Chair award recipient as top general counsel. Leve is receiving the award for the second consecutive year. Pinnacol is Colorado’s leading workers’ compensation insurer. Given annually by the First Chair legal organization, the award recognizes… [Read more]