Austin, TX – Texas Mutual Insurance Company recently paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholder owners across the state. This payout is the final component of the company’s $280 million record dividend distribution to more than 50,000 policyholders in 2018. Early qualifier dividend recipients are those who are… [Read more]
Industry News
AM Best Affirms Credit Ratings of Employers Holdings, Inc. and Subsidiaries
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Assurance Company and Employers Preferred Insurance Company, collectively referred to as the Employers Insurance Group (Employers). Concurrently, AM Best has… [Read more]
WCRI Study: Medical Payments per Workers’ Comp Claim in NC Decreased from 2013-2016
Cambridge, MA – Medical payments per workers’ compensation claim in North Carolina decreased 6 percent per year since 2013, according to a recent 18-state study by the Workers Compensation Research Institute (WCRI). The recent decrease is a contrast with previous trends in the state. Medical payments per claim changed little from 2010 to 2013 after… [Read more]
20 Organizations Honored with KEMI Workplace Safety Award
Lexington, KY -(PRWeb)- Kentucky Employers’ Mutual Insurance (KEMI) recently recognized twenty Kentucky organizations for their commitment to workplace safety by presenting each of them with the 2018 KEMI Destiny Award. The Destiny Awards are presented annually by KEMI to policyholders that best exemplify KEMI’s motto, “Control your own destiny.” The awards symbolize what can be… [Read more]
CA Chiropractor Pleads Guilty in $150 Million Insurance Fraud Scheme
Los Angeles, CA – The Los Angeles County District Attorney’s Office recently announced that a 56-year-old chiropractor recently pleaded guilty for his role in a massive workers’ compensation insurance fraud and conspiracy scheme. Paul Turleyof Granada Hills made a factual basis plea on Monday to one count each of conspiracy to commit insurance fraud, mayhem,… [Read more]
Ventiv Technology Announces Acquisition of DAVID Corporation
Atlanta, GA – Ventiv Technology, Inc., a provider of risk, claims and safety software, recently announced that it has acquired DAVID Corporation, a proven leader in claims and policy administration software. As a combined company, Ventiv Technology® will have more than 625 clients, 390,000 users and 450 colleagues with offices in nine countries. Specific terms… [Read more]
HealthSmart Rebrands Casualty Claims Division as SmartCasualtyClaims
Irving, TX -(BusinessWire)- HealthSmart, one of the nation’s largest independent third party administrators of health plans for self-funded employers, recently announced it is rebranding its Casualty Claims Solutions division to SmartCasualtyClaims™. SmartCasualtyClaims provides third-party claims and administrative services for Workers’ Compensation, liability and disability with flexible, client-specific solutions, outcome-focused technology and experienced, licensed adjusters. “Our… [Read more]
Million Women Mentors Recognizes MEMIC Advocacy
Portland, ME – The national Million Women Mentors (MWM) movement recently recognized The MEMIC Group, a workers’ compensation insurance specialty company, with its Corporate State Advocacy Award at their Washington, D.C. conference. Catherine Lamson, Senior Vice president and Chief Administrative Officer at The MEMIC Group, who championed the MWM formation in Maine, accepted the award… [Read more]
Ohio Business Owner Gets Prison Time, Hefty Fine for Workers’ Comp Fraud
Columbus, OH – The owner of a former payroll services company in southwest Ohio was recently sentenced to six months in federal prison and fined $10,000 for defrauding the Ohio Bureau of Workers’ Compensation (BWC) out of more than $425,000. John R. Cacaro, 59, owner of the now-defunct Employers Choice Plus LLC, also must serve… [Read more]
ODG by MCG Announces Release of ODG Job Profiler Powered by MyAbilities
Austin, TX – ODG, an MCG Health company, recently announced a partnership with MyAbilities Technologies to incorporate a unique new product option, the ODG Job Profiler, into its industry-leading medical treatment and return-to-work (RTW) guidelines. The ODG Job Profiler is a software platform powered by MyAbilities™ which will be made available as an add-on to… [Read more]