San Diego, CA – Mitchell International recently released its Industry Trends Report (ITR) for the third quarter of 2019. In this quarter’s report, Mitchell executives share insights on leveraging emerging claims technology to improve strategic decision-making. Mitchell experts also identify key areas of the claims process where workflow technology has the potential to significantly improve… [Read more]
Industry News
ClearPath Mutual Names Simpson as Director of Information Technology
Louisville, KY – ClearPath Mutual Insurance Company recently announced the appointment of Alan Simpson as the company’s Director of Information Technology. Most recently, Simpson held the position of Chief Technology Officer at Bank of Springfield in Springfield, IL, where he was responsible for directing and maintaining development of the company’s security plan and communicating the… [Read more]
Valen Analytics Announces Launch of InsureRight Manage 2.0
Denver, CO – Valen Analytics®, an Insurity company, recently announced InsureRight Manage 2.0, a new version of the portfolio management component of the company’s InsureRight Platform. Manage 2.0 features a proprietary data model that enables a forward-looking view of portfolio performance. By combining historical, real-time and predictive data, the new version generates granular insights needed… [Read more]
NY Governor Cuomo Announces Action Against Opioid Industry to Recover $2 Billion
Albany, NY – Governor Andrew M. Cuomo recently announced the Department of Financial Services is taking action against the opioid manufacturers, distributors and pharmacy benefit managers to secure $2 billion for New York consumers who have shouldered the cost of the ongoing opioid epidemic in the form of higher insurance premiums. “I’ve seen a number… [Read more]
Company Nurse and Absentia Solutions Announce Collaboration on High-Risk Claims
Scottsdale, AZ – Nurse triage service Company Nurse and Absentia Solutions recently announced a collaboration to provide a comprehensive approach for improving workers’ compensation claim outcomes. In the workers’ compensation industry, about 15% of claims make up 80% of costs. Through this collaboration, Company Nurse and Absentia Solutions will help clients become aware of these… [Read more]
MSF Presents Kids’ Chance of Montana with $25,000 Donation
Helena, MT – Montana State Fund (MSF), Montana’s largest workers’ compensation insurance company, recently presented a $25,000 check to Kids’ Chance of Montana, a non-profit organization that provides scholarships for higher education to the children of workers who are injured or killed on the job. Kids’ Chance of Montana is an affiliate of Kids’ Chance… [Read more]
AM Best Affirms Credit Ratings of American Financial Group, Inc. and Insurance Subsidiaries
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies (Great American). Concurrently, AM Best has affirmed the Long-Term ICR of “a-” and… [Read more]
US DOL OWCP Announces New Medication Safety and Improvement Initiatives for Injured Federal Workers
Washington, DC – The U.S. Department of Labor’s Office of Workers’ Compensation Programs (OWCP) Division of Federal Employees’ Compensation (DFEC) recently re-affirmed its award of a contract to Coventry Health Care Workers’ Compensation Inc. that will allow the program to implement changes that improve and expand medication safety and quality initiatives for injured federal workers.… [Read more]
PeerWell Gets $6.5 Million Series A for Musculoskeletal Surgery Optimization Platform
San Francisco, CA -(PRNewswire)- PeerWell recently announced a $6.5 million Series A round of funding led by OMERS Ventures and joined by existing investors, XSeed Capital. PeerWell will leverage the funding to fast-track the commercial rollout of its workers’ compensation surgery optimization platform which has improved patient outcomes and reduced costs in several clinical deployments.… [Read more]
CA WCIRB Issues Revised 2018 California Aggregate Medical Payment Trends Report
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released a revised version of the California Workers’ Compensation Aggregate Medical Payment Trends report that was released last week. The revised report includes corrected shares of total medical payments and transactions for pharmaceuticals. The overall trends and findings in the original report… [Read more]