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]
Industry News
The Florida Retail Federation Self Insurers Fund Converts to RetailFirst Insurance Company
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]
Humana Announces Intent to Acquire Concentra
LOUISVILLE, Ky.–(BUSINESS WIRE)–Humana Inc. (NYSE: HUM) today announced it has signed a definitive agreement to purchase Concentra Inc., a privately held health care company based in Addison, Texas, for approximately $790 million in cash. Through its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy and wellness services to workers and the general public… [Read more]
U.S. House Committee Hears Testimony on Workers’ Compensation
November 17, 2010 – Washington, DC –WorkCompWire– Yesterday, the U.S. House Subcommittee on Education & Labor heard testimony on developments in state workers’ compensation systems. In her opening statement, Chairwoman Woolsey (D-CA) noted the rare occurrence of examining state systems by Congress, but noted there were two specific issues today’s testimony would address. The first… [Read more]
Hiscox USA Launches First Direct and Online Insurance Cover for Small Businesses
First major insurer set to reinvent how small businesses buy insurance in the U.S. NEW YORK, Nov. 17, 2010 /PRNewswire/ — Hiscox USA has taken a giant leap towards reinventing how small professional services businesses buy their insurance in the U.S. The specialist insurer today launched the first U.S. service that enables small businesses to… [Read more]
PMSI Announces New, Clinically Based Home Healthcare Solution
Innovative, Clinically Based Approach Delivers Significant Benefits Tampa, Florida (November 11, 2010) – PMSI, one of the nation’s largest providers of specialty products and services for the workers’ compensation market, announced today the launch of its enhanced home health care program. By integrating established clinical guidelines, a broad network of providers and insightful reporting of… [Read more]
EMPLOYERS® Joins Anthem Blue Cross and Blue Shield to Offer Integrated MediComp(SM) to Colorado Small Businesses
New offering provides five percent discount on workers’ compensation premiums, simplifies group health and workers’ compensation insurance management DENVER and RENO, Nev., Nov. 10, 2010 /PRNewswire/ — Anthem Blue Cross and Blue Shield (Anthem) and EMPLOYERS®, America’s small business insurance specialist®, have joined forces to provide Colorado’s small businesses a simplified approach to purchasing Anthem… [Read more]
PMSI Announces An Enhanced Brand To Reflect Its Successful Delivery Of Cost Containment Solutions
Tampa, Fla. (Nov. 10, 2010)–WorkCompWire–– PMSI, one of the nation’s largest providers of specialty workers’ compensation products and services, today announced that it has enhanced its brand and visual identity. The brand features a new tagline – “Proven Solutions for Cost Containment,” which reflects PMSI’s focus on clinically based programs which ensure a high quality… [Read more]
State Fund Announces January Rate Filing and Revised Broker of Record Policy
SAN FRANCISCO, Nov. 9, 2010 /PRNewswire/ — State Fund announced today a 5.2 percent overall rate increase for 2011 and a revised broker of record policy. The rate filing also includes changes that will better serve employers in California’s workers’ compensation insurance market. We recognize these are difficult economic times for California business owners. This… [Read more]
Jopari Has Begun Testing the ‘5010’ Standard With Its Provider and Payer Clients for Use in P&C Industry
Participation with ASC X12 005010 Testing Workgroup of National Standards Organization WEDI will Align Transaction Protocols for Stakeholders CONCORD, Calif., Nov. 9, 2010 /PRNewswire/ — Jopari Solutions, a principal supplier of integrated medical transaction EDI services to the Property and Casualty Industry, has already begun early adoption testing of the new “5010” electronic billing… [Read more]