Workers' Compensation News
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Texas Medical Board Proposes New Rules for Pain Clinics
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10/21/2013
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State: TX | Segment: CENTRAL | 0 | Popular with Legal
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The Texas Medical Board has proposed a rule change that would improve its ability to regulate pain-management clinics that violate state laws or regulations.The board proposed amending Texas Administrative Code Section 195.2 governing the certification of pain-management clinics, accordi...Read More
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Texas Mutual Awards $500K Dividend to Oil and Gas Association
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10/21/2013
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State: TX | Segment: CENTRAL | 0 | Popular with Legal
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Texas Mutual Insurance Co. announced that the Texas Oil and Gas Association safety group earned a $500,000 workers' compensation dividend.The dividend will go to members of the association's safety group, which features various employers from the oil and gas industry. The Texas D...Read More
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Texas Mutual Warns of Website Maintenance this Weekend
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10/18/2013
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State: TX | Segment: CENTRAL | 0 | Popular with Insurance
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Texas Mutual Insurance Co. warned that its website and online services will be unavailable for much of the weekend.The carrier posted a notice on its website warning that its technicians will be performing system maintenance on the site on Saturday and Sunday.As a result, the...Read More
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Tower Group Taking $365M Hit on Reserves; Stocks Plunge
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10/09/2013
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By: Jim Sams (Senior Editor)
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State: NA | Segment: Top | 0 | Popular with Legal
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Tower Group International's stock price plunged and law firms announced they are preparing shareholder lawsuits following the Bermuda-based reinsurer's announcement on Monday that it will boost its commercial insurance loss reserves by $365 million.Tower said it must rebuild its ...Read More
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Texas Mutual Issues $973K Dividend to Texas Medical Group
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10/09/2013
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State: TX | Segment: CENTRAL | 0 | Popular with Legal
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Texas Mutual Insurance Co. issued a $972,604 dividend to the Texas Medical Group based on the group's collective work safety record. The carrier announced that members of the Texas Medical Group will have shared in $4.6 million in safety group dividends since 2008. Many of the group&...Read More
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TDI Announces 54 Disciplinary Actions
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10/07/2013
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State: TX | Segment: CENTRAL | 0 | Popular with Legal
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Texas Commissioner of Workers' Compensation Rod Bordelon last week announced final disciplinary actions taken against 54 insurers, employers and medical providers for violations of the Texas Labor Code and the rules of the state Division of Workers' Compensation.The violations in...Read More
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Three Sentenced in Coal Mine Bribery Scheme
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10/04/2013
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State: WV | Segment: EAST | 0 | Popular with Legal
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Three men associated with coal mine staffing firms were sentenced in West Virginia Wednesday for their roles in a scheme to bribe a field auditor for BrickStreet Mutual Insurance Co. to allow them to underreport payrolls for the purpose of lowering workers' compensation premiums.The ...Read More
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Tower Group Cedes Large Chunks of Comp Risks to Southport Re
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10/03/2013
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Tower Group International Ltd. has entered into reinsurance agreements with Arch Reinsurance Ltd., Hannover Re and Southport Re to enhance its financial flexibility.Tower ceded a 14% quota share of certain commercial automobile liability, commercial multi-peril property, commercial multi...Read More
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Target of Comp Fraud Probe Opening Exotic Snake Store
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10/02/2013
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State: NY | Segment: EAST | 0 | Popular with Legal
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The Brookhaven, N.Y., animal control officer under investigation in connection with a workers' compensation claim said through his attorney he plans to open an exotic snake store following a raid on his home on Sept. 19.Andrew Vecere, an attorney for Richard Parrinello, told Newsday ...Read More
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Towers Watson to Sell Reinsurance Unit to Jardine Lloyd Thompson
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09/24/2013
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Insurance broker Towers Watson has agreed to sell its reinsurance brokerage business to rival Jardine Lloyd Thompson Group plc for $250 million.The acquired business will merge with Jardine Lloyd Thompson's reinsurance arm, JLT Re, to form JLT Towers Re, a reinsurer with combined rev...Read More
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