Baton Rouge, LA – LWCC recently announced that its board of directors has declared a $94 million dollar dividend for 2020 that will be distributed to approximately 20,000 Louisiana businesses and impact over 162,000 workers. “2020 was a challenging year. The pandemic, combined with major hurricanes, caused financial strain to businesses across the state. We… [Read more]
Industry News
SCIF Launches New Training and Recognition Program Focused on Safety
Pleasanton, CA – State Fund’s Safety Training and Recognition (STAR) Program is designed to help employers learn and implement safer work practices with free online safety training. Maintaining a safe workplace is not only good for business, it’s quite simply the right thing for employers to do for their workers. Participating policyholders with sheet metal,… [Read more]
Former CA Firefighter Ordered to Pay Over $228,000 in Restitution and Fines for Workers’ Comp Fraud
Ventura, CA – District Attorney Erik Nasarenko recently announced that Perry Adam Lieber of Santa Barbara was ordered to pay $198,025 in victim restitution and $30,000 in criminal fines. Victim agencies, the County of Ventura and the Ventura County Fire Department, sustained extensive losses as a result of workers’ compensation fraud committed by Lieber. On… [Read more]
CWCI Examines CA Workers’ Comp Medical Dispute Resolution Trends & Outcomes
Oakland, CA – A new California Workers’ Compensation Institute (CWCI) study on the Independent Medical Review (IMR) process used to resolve California workers’ comp medical disputes shows that after climbing to a record high in 2018, the number of IMR decision letters declined in both 2019 and 2020, falling to an all-time low last year… [Read more]
Next Insurance Raises New Funding, Doubles Valuation to $4 Billion in Six Months
Palo Alto, CA -(PRNewswire)- Next Insurance recently announced a $250 million new funding round led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared bringing the company’s valuation to $4 billion and total funding raised to more than $880 million. The new financing follows a… [Read more]
NE Governor Ricketts Names Eric Dunning Next Director of Insurance
Lincoln, NE – Governor Pete Ricketts recently announced the appointment of Eric Dunning of Omaha as the next director of the Nebraska Department of Insurance (NDOI). Dunning has been the Director of Government Affairs for Blue Cross and Blue Shield of Nebraska since December 2013. He has over 15 years of experience as an attorney… [Read more]
NYSDOT Employee Pleads Guilty to $11k in Workers’ Compensation Fraud
Albany, NY – New York State Inspector General Letizia Tagliafierro recently announced the guilty plea of a New York State Department of Transportation (NYSDOT) employee on charges that he defrauded the workers’ compensation system of more than $11,000 in insurance benefits while simultaneously working at a private business selling barns and other jobs. Joshua D.… [Read more]
PA Insurance Commissioner Approves Workers’ Comp Loss-Cost Reduction
Harrisburg, PA – Insurance Commissioner Jessica Altman recently announced approval of a loss-cost filing, including a 3.02 percent reduction in loss costs. Loss-costs are a component in determining workers’ comp insurance rates paid by businesses, and this reduction should lead to lower premiums for many Pennsylvania businesses. This loss-cost revision was filed by the Pennsylvania… [Read more]
Jonathan Nutt Joins Medata as Chief Technology Officer
Irvine, CA – Thomas Herndon, President of Medata recently announced that the company appointed Jonathan Nutt as Chief Technology Officer. “The selection of Nutt has brought new perspective and excitement to the leadership team,” says Herndon. As CTO, Nutt will design and implement product enhancements and develop new solutions. Jonathan used Medata’s products in his… [Read more]
CA Business Owner Convicted of Workers’ Compensation Fraud
Ventura, CA – District Attorney Erik Nasarenko recently announced that Jose Velasquez of Ojai pled guilty to two counts of felony insurance fraud on March 30, 2021. At the time of his pleas, Velasquez paid full victim restitution to Wesco Insurance Company in the amount of $30,483. From March 1, 2015, through March 1, 2020,… [Read more]