Cambridge, MA – Total costs per workers’ compensation claim in Michigan for non-COVID-19 claims in 2020 were stable, the result of offsetting factors, according to a new study from the Workers Compensation Research Institute (WCRI). Although medical payments and benefit delivery expenses per claim decreased, there was rapid growth in indemnity benefits per claim, which… [Read more]
Industry News
Pie Insurance Doubles Premium, Number of Customers, and Partners
Denver, CO – Pie Insurance recently released its latest figures, highlighting the company’s strong and sustainable growth since its founding in 2017. In the first quarter of 2022, Pie more than doubled its gross written premium over the same period in 2021. Additionally, in the first four months of 2022, Pie increased its annualized run… [Read more]
Amerisure Names Kimberly Vaughn VP of Claims Experience & Customer Analytics
Farmington Hills, MI – Amerisure recently announced the promotion of Kimberly Vaughn to the role of vice president, claims experience & customer analytics. In this position, Vaughn will hold responsibility for developing a roadmap for the claims customer experience, and will serve as a resource, at the national level, to all claims, risk management and… [Read more]
HOMELINK Promotes Danny Real to Senior VP of Sales
Waterloo, IA – HOMELINK recently announced that Danny Real has been promoted to senior vice president of sales. Real joined HOMELINK in January of 2021 and has served as vice president of sales and client relations in that time, while also serving on HOMELINK’s senior leadership team. “Since joining HOMELINK, Danny has played a key… [Read more]
Sedgwick Acquires Orchid Medical
Memphis, TN – Sedgwick recently announced it has acquired Orchid Medical, a nationwide provider of ancillary medical management solutions for the workers’ compensation industry. This acquisition represents an investment in the continued growth of Sedgwick’s ancillary care network, which ensures that employees of the company’s workers’ compensation clients receive prompt, high-value service for durable medical… [Read more]
W. R. Berkley Corporation Names Michael Marcus President of Berkley Industrial Comp
Greenwich, CT – W. R. Berkley Corporation (NYSE: WRB) recently announced the appointment of Michael Marcus as president of Berkley Industrial Comp. He succeeds Chandler F. Cox, Jr., who has been named chairman of the business. The appointments are effective immediately. Mr. Marcus joined Berkley in 2008 as a regional director at Key Risk and… [Read more]
NJCRIB Announces Appointment of Bonnie Piacentino as Next Executive Director
Newark, NJ – The New Jersey Compensation Rating and Inspection Bureau (NJCRIB) Governing Committee recently announced that after a nationwide search Bonnie Piacentino has been appointed as Executive Director Elect. Bonnie will join the Bureau in August and will succeed Paul Witko as Executive Director following his retirement on December 31, 2022. Bonnie is a… [Read more]
MEMIC Hires White as Senior Underwriter in Pennsylvania
Portland, ME – The MEMIC Group recently hired Curtis White as Senior Production Underwriter, responsible for renewals and new business in Pennsylvania. White’s career in the workers’ compensation industry spans 14 years, after spending eight years in the banking industry. White said he enjoys developing strong agency relationships and the ability to underwrite opportunities provided… [Read more]
NSC Notes CDC Data Showing New High in Overdose Deaths, Calls on Employers to Help
Itasca, IL – More than 107,600 Americans–one every five minutes–died of a drug overdose in 2021 according to newly released provisional data from the CDC. Because 70% of people struggling with a substance use disorder (SUD) are employed, the National Safety Council (NSC) calls on employers to develop recovery-friendly workplaces, establish policies that support worker mental health and substance… [Read more]
TDI Releases Additional Info on Data Security Event
Austin, TX – The Texas Department of Insurance recently provided clarification of information that appears in several recent news stories about its January 2022 data security event. TDI discovered a programming code error in a web application and promptly fixed it. In January 2022, TDI found the issue was due to a programming code error… [Read more]