Workers' Compensation News
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A.M. Best Says ClearPath Credit Ratings Stable
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02/28/2019
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State: NA | Segment: NATIONAL | 0 | Popular with Insurance
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A.M. Best assigned a financial strength rating of “A-" (excellent) and a long-term issuer credit rating of “a-” to ClearPath Mutual Insurance Co., and the outlook assigned to the ratings for the Kentucky-based carrier is stable.
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Applied Underwriters Sale Underway, Berkshire Hathaway Confirms
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02/26/2019
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By: Elaine Goodman (medical/business reporter)
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State: NA | Segment: Top | 0 | Popular with Legal
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Berkshire Hathaway is poised to sell its Applied Underwriters unit, the company confirmed Monday, in a deal that includes the North American Casualty Group and its five carrier members.
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Agent Accused of Pocketing $105K in Comp Premiums
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02/25/2019
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State: CA | Segment: WEST | 0 | Popular with Legal
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A Southern California insurance agent has been charged with 10 felony counts of stealing $105,000 in workers’ compensation premiums from small businesses, the state Insurance Department said Friday.
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Arbitration Awards $140 Million in Malpractice Against Panos
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02/25/2019
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State: NY | Segment: NORTH | 0 | Popular with Legal
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A New York physician who became famous for his ability to pull off alleged fraud while behind bars and without a license has been socked with $140 million in damages in what an attorney called the largest medical malpractice litigation in New York.
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As Compounds Are Reined In, Private Label Topicals Surge
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02/22/2019
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By: Elaine Goodman (medical/business reporter)
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State: CA | Segment: Top | 0 | Popular with Legal
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Compounded medications accounted for just 2% of independent medical review cases involving drug requests during the first nine months of last year in the California workers’ comp system, a decrease from 4.3% in 2017, according to new data.
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After Prison, Chiropractor Must Pay $10 Million in Civil Damages
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02/15/2019
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By: William Rabb (Reporter)
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State: TX | Segment: Top | 0 | Popular with Legal
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Two years into a 14-year prison sentence, the mastermind behind a far-flung scheme to defraud the federal workers' compensation program has had plenty of time to consider how he plans to pay $18 million in restitution.
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AIG Posts $622M Loss in Fourth Quarter
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02/15/2019
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State: NA | Segment: NATIONAL | 0 | Popular with Insurance
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American International Group Inc. has reported a net loss of $622 million in the fourth quarter of 2018, compared to a $6.7 billion net ...Read More
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