NY - Regulators Approve 11.7% Rate Reduction for Third Cut in Three Years
| 2 min read
The New York Department of Financial Services has approved an overall loss-cost rate decrease of 11.7%, the third straight year that the department has fully endorsed a recommended rate cut.
The New York Compensation Insurance Rating Board recommended the latest reduction in May, and the DFS approved it last week. It takes effect Oct. 1.
The recommended change, following a 4.5% reduction a year ago, was based on the latest statistical data reported by the rating board’s member carriers and reflects the application of generally accepted actuarial principles and methodologies, the b...
CA - Remaining Defendants in Pain Relief Health Center Case Plead Guilty
| 3 min read
A chiropractor accused of running medical mills in Los Angeles and California’s Central Valley pleaded guilty to a single count of aiding and abetting health care fraud, and a psychologist charged with paying kickbacks for referrals pleaded guilty to fraud.
Bahar Gharib-Danesh, a chiropractor in Woodland Hills, pleaded guilty July 5 to aiding the fraudulent activities of another chiropractor.
Danesh signed a plea agreement saying she directed staff to forward to a third-party billing agency invoices submitted by a person identified as “N.E.” Danesh forwarded the invoic...
CA - Paragon Expands to San Diego, Hires Senior Vice President
| 5 min read
Connecticut-based Paragon Insurance Holdings LLC opened a new office in San Diego, and hired Robert Etzler as senior vice president and director of workers’ compensation.
Etzler held leadership roles at Cypress Point-Arrowhead General Insurance Agency, Atlas General insurance Services and Midwestern Insurance Alliance prior to joining Paragon, the agency said in a statement.
Paragon, a national multi-line specialty managing general agency based in Avon, Connecticut, also announced that it opened a new office in downtown San Diego. The company said it is in negotiations with other indus...
WA - L&I Fines Asbestos Removal Co. $229,700
The Washington state Department of Labor and Industries fined an asbestos removal company $229,700 for exposing workers and the public to unsafe conditions.
The department said in a statement that Above & Beyond Asbestos Removal is also under further review for having “demonstrated a continuous indifference to Washington’s asbestos handling rules which protect workers and the public from harm.”
Inspections at two job sites found similar violations, according to L&I.
Above & Beyond was hired to remove boiler insulation at a Seattle apartment complex. The co...
MA - Democratic Candidate Lacks Work Comp Insurance
| 19 min read
A Democratic candidate for the Massachusetts governor’s office neglected to purchase workers’ compensation insurance for his campaign staff, a possible violation of state law, The Boston Globe reported.
The newspaper said that a spokesman for the state Office of Labor and Workforce Development confirmed that the Friends of Bob Massie committee did not have an insurance policy in place and that it has referred the matter to the Department of Industrial Relations “for further inquiry.”
The Massie campaign told the Globe that it was “working to addres...