SAN FRANCISCO /PRNewswire/ — Accident Fund Holdings, Inc. is proud to announce the appointment of Bryan Bogardus as the new president of CompWest Insurance Company, a division of Accident Fund Holdings. In this role, Bogardus will serve as a key executive team member and is responsible for establishing the strategies required to… [Continue Reading]
Top Stories
CO Workers’ Compensation Loss Cost Rates to go up in 2012
Denver – Colorado employers will see a small increase in the premiums they pay for workers’ compensation insurance in 2012. The Colorado Division of Insurance has announced that the “loss costs” component of workers’ compensation premiums will go up 3.7 percent in 2012. The 2012 increase follows an increase of 3.4 percent in 2011 after… [Continue Reading]
Coventry Health Care Reports Third Quarter Earnings
BETHESDA, Md.–(BUSINESS WIRE)–Coventry Health Care, Inc. (NYSE: CVH) today reported consolidated operating results for the quarter ended September 30, 2011. Operating revenues totaled $3.0 billion for the quarter with net earnings of $122.7 million, or earnings per diluted share (EPS) of $0.84. These results include EPS of $0.02 from… [Continue Reading]
ScripNet Continues to offer PBM Network Access to Walgreens Pharmacies
LAS VEGAS, NV – ScripNet, a nationwide pharmacy benefit manager (PBM) who contracts with workers’ compensation insurance carriers and pharmacies, announced that it will continue to provide access to Walgreens pharmacies as Walgreens plans to move forward without participating in the Express Scripts, Inc. pharmacy provider network… [Continue Reading]
Healthesystems Sponsors Kids’ Chance of America at National Workers’ Comp Conference
Tampa, FL — Healthesystems – a leading provider of pharmacy and ancillary benefits management cost containment solutions for the workers’ compensation industry – is proud to sponsor Kids’ Chance of America at the annual National Workers’ Compensation and Disability Conference and Expo, to be held November 9… [Continue Reading]
CA DWC Sets Timeline for AME Selection and QME Requests
The Workers’ Compensation Appeals Board (WCAB) issued an en banc decision in Messele v. Pitco Foods Inc. Cal. Wrk. Comp. LEXIS 144, on Sept. 27, 2011. The decision concerns the number of days the parties in a represented case must wait after an agreed medical evaluator (AME) proposal is mailed before requesting a qualified medical evaluator (QME) panel from… [Continue Reading]
MI Chamber of Commerce Praises Approval of Workers’ Comp Changes
LANSING, Mich. /PRNewswire/ — The Michigan Chamber of Commerce today praised actions by the members of the House Commerce Committee for approving changes to the Workers’ Compensation law. Michigan Chamber Director of Health Policy & Human Resources Wendy Block offered the following statement on the committee approval…[Continue Reading]
A.M. Best Posts Webinar Transcript, Playback on State of U.S. State Workers’ Comp Funds
OLDWICK, N.J.–(BUSINESS WIRE)–The video playback and transcript for the June 9 webinar titled, “State of the U.S. State Workers’ Compensation Funds,” is now available to view online. Workers’ compensation funds operate in many states as providers of coverage and often as insurers of last resort for employers who have difficulty in obtaining coverage. In recent years, the overall… [Continue Reading]
Tulsa Attorney Pleads Guilty to Workers’ Compensation Fraud
OKLAHOMA CITY – A longtime Tulsa criminal defense attorney has pleaded guilty in Tulsa County District Court for his role in helping embezzle more than $1 million from clients, Attorney General Scott Pruitt said Tuesday. Fred Schraeder, 61, entered a guilty plea to one count of conspiracy to commit workers’ compensation fraud. He received a 5-year deferred sentence and will pay… [Continue Reading]
The Hartford Announces Robert Rupp As Chief Risk Officer
HARTFORD, Conn.–(BUSINESS WIRE)– The Hartford (NYSE: HIG) has appointed Robert Rupp, 58, executive vice president and chief risk officer, reporting to the company’s Chairman, President and CEO Liam E. McGee. Rupp assumes the role on Nov. 2 from Lizabeth H. Zlatkus, who is retiring on Oct. 31, as previously announced. “We have made significant progress in creating… [Continue Reading]