Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its report on workers’ compensation losses and expenses for 2021. Key findings in the report include: Medical losses paid in 2021 were $4.4 billion, or 53 percent of total loss payments. Indemnity benefits paid in 2021 were $3.8 billion, or 47… [Read more]
Industry News
Oklahoma AG Announces Settlement with Three Opioid Distributors
Oklahoma City, OK – Attorney General John O’Connor recently announced another opioid settlement for Oklahoma—this time with three opioid distributors, McKesson, Cardinal, and AmerisourceBergen. The settlement will deliver more than $250 million to Oklahoma to combat the opioid epidemic that has deeply impacted the lives of its four million citizens. “Many Oklahoma families have been… [Read more]
Chris Rodino Joins Opyn Market as SVP to Drive Commercial Healthcare Growth
Philadelphia, PA – Opyn Market recently announced the appointment of veteran healthcare executive Chris Rodino to Senior Vice President of Group Plans. In this newly created role, Rodino will drive the growth and adoption of Opyn’s digital platform, including the Company’s solution to ensure Health Plans meet the “No Surprises Act” Transparency in Coverage rule.… [Read more]
WCF Insurance Announces New Chief Information Officer, Matt Goldsberry
Salt Lake City, UT – WCF Insurance recently announced the promotion of Matt Goldsberry to Chief Information Officer. He will oversee the technology strategy and initiatives for the company and report to WCF CEO and President, Matt Lyon. “Matt’s substantial experience building and scaling complex information technology systems will help the company move forward on… [Read more]
Guest Post: Are Claims Leaders Facing a Perfect Storm?
By Tom Warden, Chief Insurance and Science Officer, CLARA Analytics 2022 is off to an exciting start. COVID-19 is waning, but the pandemic’s hangover looks to be long and fraught with surprises. Inflation has hit levels not seen since the 1980s. Individuals and businesses saved much of the money given to them during the pandemic.… [Read more]
WCIRB: CA Commissioner Issues Decision on September 1, 2022 Regulatory Filing
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently reported that the California Insurance Commissioner has issued a Decision (PDF) regarding the WCIRB’s September 1, 2022 Regulatory Filing, which was submitted to the California Department of Insurance (CDI) on February 28, 2022. In reviewing the Decision, insurers should give particular attention… [Read more]
The IMA Group Names Rob Snow Senior Vice President, Sales and Marketing
Tarrytown, NY – The IMA Group (IMA) recently announced that Rob Snow, a workers’ compensation and managed care industry veteran with more than 20 years of experience has joined the company as Senior Vice President for Sales and Marketing. Snow is charged with leading The IMA Group’s sales, account management and marketing departments to drive… [Read more]
NY Woman Charged with Fraudulently Collecting Over $80,000 in Workers’ Comp Benefits
Buffalo, NY – New York State Inspector General Lucy Lang recently announced the arrest and arraignment of an Orleans County woman on charges that she defrauded the Workers’ Compensation system of more than $80,000 in insurance benefits to which she was not entitled. The defendant, from Albion, NY, was arrested on June 8, 2022 by… [Read more]
WCRI Study: Workers’ Comp Medical Fee Schedule Design Involves Delicate Balance
Cambridge, MA – As policymakers seek to implement or change price controls in their state workers’ compensation system with a fee schedule, a new study from the Workers Compensation Research Institute (WCRI) highlights the important design choices faced in adopting, reforming, and updating them. “The construction of a medical fee schedule in workers’ compensation involves… [Read more]
Service Lloyds Adds Gradient AI for Workers’ Compensation Underwriting
Boston, MA – Gradient AI recently announced that Service Lloyds Insurance Company has adopted its solution to better predict risk and improve the pricing accuracy of workers’ compensation policies. Specializing in workers’ compensation insurance, Service Lloyds is a privately owned company rated A- (Excellent) by AM Best. Recently, the company has expanded its operations geographically… [Read more]