JACKSONVILLE, Fla. – MSC Care Management, a deliverer of medical products and care management solutions to the workers’ compensation industry, has launched a new real-time online communication and referral management system to help relieve the administrative burden for claims adjusters and nurse case managers… [Continue Reading]
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Brian Nixon Named Director of PA State Workers Insurance Fund
Harrisburg – Department of Labor & Industry Secretary Julia Hearthway today announced Brian Nixon, of Scranton, has been appointed director of the State Workers Insurance Fund (SWIF). Nixon, a former deputy attorney general in the Pennsylvania Office of Attorney General, has also served as assistant solicitor and business administrator for the city of Scranton. Before… [Read more]
Construction Group Earns $1.3M Texas Mutual Dividend
AUSTIN, Texas – Texas Mutual Insurance Company announced a $1,319,586 dividend to the Texas Construction Association (TCA) safety group today. The workers’ compensation dividend was based largely on the group’s overall loss ratio. TCA members have shared in nearly $10 million in Texas Mutual dividends since 2005. In addition to potential dividends, TCA members get… [Read more]
Eastern Insurance Holdings, Inc. Announces Second Quarter 2011 Results
LANCASTER, Pa. /PRNewswire/ — Eastern Insurance Holdings, Inc. (“EIHI” or the “Company”) (NASDAQ: EIHI) today reported net income for the three months ended June 30, 2011 of $2.0 million, or $0.25 per diluted share, compared to a net loss of $1.4 million, or $0.16 per diluted share, for the same period in 2010. Included in… [Read more]
SeaBright Holdings Reports Second Quarter and Six Month 2011 Results
SEATTLE–(BUSINESS WIRE)– SeaBright Holdings, Inc. (NYSE:SBX) today announced results for the second quarter ended June 30, 2011. For the second quarter of 2011, the Company recorded a net loss of $15.8 million or $0.75 per diluted share compared to a net loss of $15.5 million or $0.74 per diluted share for the same period in… [Read more]
Florida CFO Calls for Review of Check Cashing Services Aiding in Workers’ Comp Fraud
TALLAHASSEE—At a Cabinet meeting today, Florida Chief Financial Officer Jeff Atwater announced the creation of a working group to review the practices of certain bad actors in the check cashing services industry aiding in workers’ compensation premium fraud, which is putting pressure on rates and crippling the business community. The working group will include representatives… [Read more]