OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Mercer Insurance Group (MIG) and its members. Concurrently, A.M. Best has placed under review with negative implications the ICR of “bbb” of Mercer Insurance Group, Inc. (Mercer,… [Read more]
HARLEYSVILLE, Pa.–(BUSINESS WIRE)–Harleysville Group Inc. (NASDAQ:HGIC) and Harleysville Mutual Insurance Company have amended their intercompany pooling agreement as it relates to their workers compensation business, effective January 1, 2011. The amendment was approved by the Harleysville Group/Harleysville Mutual Coordinating Committee, and ratified by each company’s full board of directors. The amendment also was approved by… [Read more]
WAYNE, PA. & PHILADELPHIA, – (BUSINESS WIRE) – GENEX Holdings, Inc. (“GENEX”) today announced it has completed its acquisition of International Rehabilitation Associates, Inc.’s (“Intracorp”) workers’ compensation and disability case management business from CIGNA Corporation /quotes/comstock/13*!ci/quotes/nls/ci (CI 37.78, -0.22, -0.57%) , the parent of Intracorp. As announced on November 4, 2010, GENEX will continue its… [Read more]
BATON ROUGE, LA – (PRNewswire) – Retailers Casualty Insurance Company, a workers’ compensation insurer managed by Summit Consulting Inc., has received all regulatory approvals from the Texas Department of Insurance to begin offering workers’ compensation coverage in the state of Texas. Retailers Casualty currently insures more than 2,000 businesses throughout Arkansas, Louisiana and Mississippi and is rated A- (Excellent) by A.M. Best Company.
Retailers Casualty chairman, Carl Carstens, says, “With prudent underwriting, strategically managed assets and outstanding customer service, Retailers Casualty is well positioned to provide Texas employers with a strong workers’ comp program option.Texas is an exciting place to do business, and we’re optimistic about the possibilities that lie ahead.”
Hank Chiles, vice president of Summit’s Southwest Region, agrees. “We’ve always
JERSEY CITY, N.J. – (GLOBE NEWSWIRE) – Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today it has signed an agreement to acquire Crowe Paradis Services Corporation (Crowe Paradis), a premier provider of claims analysis and compliance solutions to the property/casualty insurance industry. Crowe Paradis was purchased from New York-based private… [Read more]
BEDFORD, Mass.–(BUSINESS WIRE)–FirstBest® Systems, Inc., provider of insurance software solutions that help Property & Casualty insurance carriers drive premium growth, scale their business and achieve high service levels with agents, announced today that Pacific Compensation Insurance Company (PacificComp) has selected and implemented FirstBest UMS, a next-generation underwriting workstation, combined with a rich, transactional and real-time agent portal and unique instant-upload solution. FirstBest UMS is part of the FirstBest Front Office Suite, which brings together agents, brokers and underwriters in a collaborative underwriting ….
NEW YORK – (BUSINESS WIRE) – -PCIS, a proven and trusted provider of policy administration and claims solutions, today announced that OptaComp, a wholly owned subsidiary of Blue Cross and Blue Shield of Florida, has selected both CompVision and POSVision to support its workers’ compensation business. The implementation is currently underway with an aggressive 90 day project, currently on track for production use in first quarter 2011.
OptaComp selected PCIS in large part due to PCIS’ proven business expertise in workers’ compensation, combined with the solutions’ breadth and depth of workers’ compensation functionality.With CompVision, a policy administration system designed specifically for workers’ compensation, and POSVision, PCIS’ agent facing quotation and rating application, OptaComp will have the integrated solution needed to support the company’s aggressive growth strategy.
Conference Features Strategies and Products for Dealing with a Recovering Economy, Healthcare & Workers’ Comp Costs LAS VEGAS, Nov. 23, 2010 /PRNewswire/ — The 16th Annual National Ergonomics Conference and Exposition (ErgoExpo) at Caesars Palace, Las Vegas, November 30 – December 3, will highlight the importance of workplace ergonomics in a time of economic recovery. … [Read more]
AUSTIN, Texas., November 22, 2010–WorkCompWire– Texas Mutual Insurance Company announced a $283,291 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers today. The workers’ compensation dividend was based largely on the group’s loss ratio. NFIB manufacturing has earned $1,161,317 in Texas Mutual dividends since 2007. By committing to workplace safety and… [Read more]
LAKELAND, Fla., Nov. 22, 2010 /PRNewswire/ — The Florida Retail Federation Self Insurers Fund is pleased to announce that a majority of its members have voted in favor of converting to RetailFirst Insurance Company, a stock insurance company within a mutual holding company system. William Kundrat, Jr., chairman of the board for the Fund, notes,… [Read more]