Memphis, TN – Sedgwick recently announced the publishing of its “Forward thinking 2019” list, which includes major industry trends employers and risk management professionals should watch this year. In 2019, Sedgwick is also celebrating its 50th anniversary. In honor of this special milestone, the company is embarking on a yearlong exploration of the Sedgwick journey… [Read more]
Risk Management News
Insight Service Group Purchases York Litigation Solutions Business
Jersey City, NJ -(PRWeb)- Risk solutions provider York recently announced the sale of its Litigation Solutions business to Insight Service Group, Inc. (ISG). The transaction took place December 31, 2018. Litigation Solutions provides a full range of investigative and litigation support services for a variety of clients. York acquired Litigation Solutions from MCMC in December… [Read more]
Best’s Market Segment Report: Rising Medical Costs, Payrolls and Legal Expenses Threaten U.S. Workers’ Comp Profitability
Oldwick, NJ -(BusinessWire)- The U.S. workers’ compensation segment continued its positive performance in 2017, which was boosted by another year of growing payrolls that helped offset rate decreases and overall soft-market conditions, according to a new AM Best report. The Best’s Market Segment Report, “Workers’ Compensation Profitability Threatened by Rising Medical Costs, Payrolls and Legal… [Read more]
MI Employers Receive Healthy Michigan Worksite Awards for Wellness Practices
Lansing, MI – Nineteen employers were recently awarded Healthy Michigan Worksite Awards by the Michigan Department of Health and Human Services (MDHHS) for investing in wellness programs designed to improve the health of their workforce. This new award is part of the Designing Healthy Environments at Work program and for the first time, recognizes employers… [Read more]
Pinnacol Warns Most Dangerous Place for Workers Could Be Their Vehicle
Denver, CO – Employers in Colorado should consider adding safe driver training for any employees who drive for work more than occasionally, according to workers’ compensation insurer Pinnacol Assurance. Pinnacol recently analyzed the collective impact of motor vehicle accidents on workers. According to Pinnacol claims data, motor vehicle accidents account for 40 percent of the… [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]
Safety National Awards Safety First Grants for Creative Risk Control Solutions
St. Louis, MO – Safety National recently announced the winners of the Company’s annual Safety First Grant Program, awarding three policyholders for their creative risk control solutions. The first-place grant, in the amount of $10,000, was awarded to City of Green Bay to outfit utility vehicles with electric valve operating equipment. This will help to… [Read more]
For Fourth Consecutive Year, Pinnacol to Decrease Workers’ Comp Rates and Issue Dividend in 2019
Denver, CO – Pinnacol Assurance’s Board of Directors has approved a plan that will decrease workers’ compensation rates in 2019 by an average of 10 percent for the insurer’s 57,000-plus policyholders in Colorado. The decrease will go into effect on Jan. 1, 2019, and this will be the fourth consecutive year Pinnacol has decreased rates.… [Read more]
Texas Mutual Sponsors New Course at University of Texas at Dallas
Dallas, TX – Texas Mutual Insurance Company recently announced a partnership with The University of Texas at Dallas’ (UT Dallas) Naveen Jindal School of Management for a brand-new Risk Control and Safety Engineering class. This course is currently exclusive to UT Dallas and only offered at the Jindal School. Bill Jackson, regional vice president of… [Read more]
Victory Insurance Completes Implementation of Insurity Workers’ CompXPress Suite
Hartford, CT – Insurity, Inc. recently announced that Victory Insurance Company, a Montana-based workers’ compensation insurer, is in production with the Workers’ CompXPress Suite to improve operational efficiencies across the entire policy lifecycle and create an enhanced customer experience. The implementation, which included a comprehensive conversion of over ten years of legacy data, was completed… [Read more]