Today’s edition of WorkCompRecap includes news about the latest industry acquisition, a significant fine levied against a major workers’ compensation insurer, and a great example of how to combine philanthropy and capitalism. More specifically, ExamWorks announced their first acquisition since going public in late October, AIG agreed to pay $100 million in fines for alleged… [Read more]
A Big Network Deal in Arizona!
Todays’ version of WorkCompRecap has a variety of news including a new partnership agreement between SCF of Arizona, the largest workers’ compensation insurer in Arizona, and Blue Cross Blue Shield Arizona. As part of this new agreement, SCF of Arizona will add the Blue Cross Blue Shield healthcare facilities and ambulatory surgery centers to their… [Read more]
Benchmarking Disability Data………..
Today’s edition of WorkCompRecap features the announcement that the Integrated Benefit Institute (IBI) Annual Industry Benchmarking Reports are now available. The IBI program is the country’s largest single-source benchmarking database across industry groups including occupational and non-occupational benefits programs. This benchmarking data tool is used by consultants, brokers, risk managers and benefits professionals to help… [Read more]
A Major Problem Hiding “Right Out In The Open!”
Today’s edition of WorkCompRecap has an interesting mix of news and announcements. However, I want to focus your attention today on a major problem with our national work force that is hiding “right out in the open.” As you will see in the posted reports, we are getting very mixed signals in the economy regarding… [Read more]
Comorbid Conditions and Work Comp Claims……..
Several weeks ago I posed a rhetorical question regarding the relationship between diabetes and workers’ compensation claims, driven primarily by my recent experience at a Juvenile Diabetes Research Foundation (JDRF) fundraiser. Quite a few of you clicked through to the Diabetes at Work website to learn more. Today, a study released by Coventry Workers’ Comp… [Read more]
Deals, Deals and More Deals…….
Todays’ news includes a big announcement from Verisk Analytics regarding their acquisition of Crowe Paradis Service Corporation. This is a significant strategic announcement because it takes Verisk one step further into the workers’ compensation “insurance services” sector. Genex and Cigna also jointly announced that their previously announced transaction closed. I doubt these will be the last transaction… [Read more]