URLINGTON, MASS. — Thomas Ash was named chief executive officer of Ametros Financial. Tom joined Ametros as executive vice president in February 2011. Prior to that, he spent two decades in the workers’ compensation managed care industry. He served as vice president and national sales executive with Progressive… [Continue Reading]
Top Stories
Willis Completes $200 million ‘Golden State Re’ Cat Bond for State Fund
NEW YORK–(BUSINESS WIRE)–Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has structured and placed a $200 million catastrophe bond transaction for the State Compensation Insurance Fund (“State Fund”), the largest writer of… [Continue Reading]
Crawford & Company Announces New Five-Year, $325 Million Revolving Credit Facility
ATLANTA /PRNewswire/ — Crawford & Company (NYSE: CRDA; CRDB), the world’s largest independent provider of claims management solutions, today announced the execution of a new five-year, $325 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC, and… [Continue Reading]
CA DWC Issues Notice of Data Delay and Clarification of Pharma Fee Schedule Data File
California – On Nov. 17, 2011, the Division of Workers’ Compensation (DWC) distributed a newsline regarding the Web posting of updated price data contained in the pharmaceutical fee schedule data file received from Medi-Cal on Nov. 16, 2011. The information in the newsline was incorrect. DWC has received clarification… [Continue Reading]
NY Workers’ Comp Fraud Sweep Yields 18 Arrests
New York – Benjamin M. Lawsky, Superintendent of the Financial Services, today announced that 18 people in 13 New York counties have been arrested in the latest effort to save businesses money by cracking down on workers’ compensation fraud. “Workers’ compensation fraud is a serious crime that victimizes honest businesses… [Continue Reading]
One Call Medical Appoints Chief Sales & Marketing Officer
Parsippany, NJ – One Call Medical, Inc. (OCM), the nation’s leading provider of specialty services to insurance payers, today announced the appointment of John (Jack) Baxter to the position of chief sales and marketing officer. Following OCM’s four acquisitions over the span of 15 months, the newly created position of… [Continue Reading]
CA Governor Appoints Christine Baker as Director of Department of Industrial Relations
California – Governor Brown today announced the appointment of Christine Baker as Director of the Department of Industrial Relations (DIR). Ms. Baker has been serving as the acting director and chief deputy director of the Department of Industrial Relations (DIR) since April 2011, and has an extensive… [Continue Reading]
Virginia SCC Sets Workers’ Compensation Premium Level Adjustments
RICHMOND — The State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers’ compensation insurance in Virginia. Workers’ compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are required to… [Continue Reading]
Michigan Senate Approves Workers’ Comp Reform Bill
Michigan – The Michigan Senate today approved legislation by state Rep. Brad Jacobsen that will modernize Michigan’s workers’ compensation law. House Bill 5002 updates the law to reflect significant Supreme Court rulings on workers’ comp to eliminate the need for litigation in many cases moving forward… [Continue Reading]
WCIRB California Releases Q3 2011 Insurer Results Report
California – The WCIRB has completed its report summarizing insurer loss and premium experience through June 30, 2011. The Summary is based on data reported to the WCIRB by insurers who wrote about 100% of the statewide market. Highlights from the report include… [Continue Reading]