Montpelier, VT – Governor Phil Scott and Department of Financial Regulation (DFR) Commissioner Kevin Gaffney recently announced that Vermont businesses will see another rate decrease in workers’ compensation insurance in 2023. This will mark the seventh consecutive year for such cuts. The rate reduction, which takes effect April 1, will save Vermont employers more than… [Read more]
Industry News
The Hispanic Insurance and Risk Management Association Announces 2023 Leadership
Long Beach, CA – The Hispanic Insurance and Risk Management Association (HIRMA) recently announced the appointment of its leadership team for 2023. The appointment of its Board Officers was formalized by the Board of Directors’ voting during HIRMA’s annual Board of Directors meeting on Saturday, January 14, 2023. Officers receiving appointment include: President – Damariz… [Read more]
WR Berkley Corporation Reports Q4 and Full Year 2022 Results
Greenwich, CT – W. R. Berkley Corporation (NYSE: WRB) recently reported its fourth quarter and full year 2022 results. Fourth quarter highlights included: Return on equity of 23.0%. Book value per share grew 8.1%, before dividends and share repurchases. Net investment income grew 40.2% to a record $231.3 million. Record quarterly pre-tax underwriting income of… [Read more]
Agile Occupational Medicine and Pinnacle HealthCare Announce Merger
Costa Mesa, CA – Agile recently announced that it had completed its merger with Pinnacle HealthCare. The combined practices provide 14 clinics throughout California and Yuma, Arizona, creating the fourth-largest occupational medical group in California. “Agile and Pinnacle share a common vision of delivering the highest quality care and support to injured workers and employers.… [Read more]
Workers Compensation System and NCCI Begin Milestone Year
Boca Raton, FL – A milestone year for the workers compensation system has started as the National Council on Compensation Insurance (NCCI) launches its 100th anniversary celebration. NCCI was created in 1923 to foster a healthy, stable market for workers compensation. “NCCI’s mission today is the same as it was a century ago,” said Bill… [Read more]
Kenji Saito, MD, JD Joins Harvard MedTech’s Medical Advisory Board
Las Vegas, NV – Gerry Stanley, M.D., Chief Medical Officer at Harvard MedTech recently announced that multi-hyphenate Kenji Saito, M.D., J.D. has agreed to join the Medical Advisory Board of Harvard MedTech. “Dr. Saito is a true renaissance man and will impart his unique perspective as a physician, lawyer, teacher, author and expert in occupational… [Read more]
TX AG Paxton Announces Over $10 Billion in Opioid Funds from CVS and Walgreens
Austin, TX – Attorney General Paxton recently announced that Texas is joining finalized opioid agreements with CVS and Walgreens totaling $10.7 billion nationally, with CVS paying $5 billion and Walgreens paying $5.7 billion. Texas and its local governments are slated to receive over $304 million from CVS and $340 million from Walgreens. This brings the… [Read more]
NYSIF Releases Novel Report on Long-Term Impacts of Covid-19
New York, NY – The New York State Insurance Fund (NYSIF) recently released a report analyzing its Covid-19 workers’ compensation claims to shine a light on Long Covid, a multifaceted syndrome causing new, returning, or ongoing symptoms in people after their initial infection. “As a large insurer with a public purpose, NYSIF is uniquely positioned… [Read more]
MEMIC Announces Rollout of ClaimsPay Electronic Payment System
Portland, ME – The MEMIC Group recently began issuing payments to injured workers and service partners electronically via a new partnership with One Inc. MEMIC’s adoption of One Inc’s ClaimsPay® platform allows thousands of injured workers and service partners to access their funds more quickly, easily, and securely – leading to an improved claim service… [Read more]
Opyn Market Promotes Judy Webb-Fisher to Chief Product Officer
Philadelphia, PA – Opyn Market recently announced the promotion of Judy Webb-Fisher to Senior Vice President, Chief Product Officer. In this newly created role, Webb-Fisher focuses on product strategy and development efforts that will continue to provide intelligent automation, transparency, and platform solutions to deliver quality care and reduce expenses for patients, payors, and providers.… [Read more]