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]
workers comp news
Eduardo Kimsi Named General Manager of Crawford Operations in Mexico
ATLANTA, Dec. 6, 2010 – (PRNewswire-FirstCall) – Crawford & Company (NYSE: CRDA; CRDB) has appointed insurance executive Eduardo Kimsi as its general manager for operations in Mexico. Based in Mexico City, Kimsi will be responsible for Crawford’s claim operations in the country. He also will focus on business development among reinsurers from the London market… [Read more]
Prime Health Services, Inc. Announces Certification as a Texas HCN
NASHVILLE, Tenn. December 6, 2010 – Prime Health Services, Inc. is proud to announce our certification as a Texas HCN. Our certification number is #6143. The initial certification is approved for counties in the Houston and Dallas/Fort Worth area. Those counties include: Brazoria, Chambers, Collin, Dallas, Denton, Ellis,Fort Bend, Galveston, Grimes, Hardin, Harris, Jefferson, Johnson, Kaufman, Liberty, Montgomery, Orange, Rockwall, Tarrant, and Waller.
Guarantee Insurance Company Announces Capital Infusion to Support Growth and Operations
FORT LAUDERDALE, FL. – (PRNewswire) – Guarantee Insurance Company, a workers’ compensation insurance specialist, announced today that it has closed on an $8.0 million equity infusion.
Steven M. Mariano, Chairman and Chief Executive Officer, said: “This capital will be used to support our growth, expand into new geographic markets, and improve operations. It is a testament to our management team and our operating strategy
Report Calls for New National Insurance Program to Strengthen Economic Security for Working Families
WASHINGTON – (PRNewswire-USNewswire) – Georgetown Law’s Workplace Flexibility 2010 and the Berkeley Center on Health, Economic & Family Security (Berkeley CHEFS) at UC Berkeley School of Law today released a new report, Family Security Insurance: A New Foundation for Economic Security calling for the creation of a national insurance program to provide income replacement for… [Read more]