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Workers' Compensation News

 

The Hanover Grows Net Income 12.4% in 2014, Commercial Line Premiums Rise 02/06/2015
State: NA | Segment: NATIONAL | 0 | Popular with Legal
The Hanover Insurance Group marked a net income increase of 12.4% in 2014, with premiums increasing and its combined ratio dropping. ...Read More
 
 
The Hartford Net Income Skyrockets in 2014, but P&C Business Increase is Less Steep 02/04/2015
State: NA | Segment: NATIONAL | 0 | Popular with Legal
The Hartford increased its net income more than fourfold in 2014, owing largely to the sale of its annuities business in Japan. The Hartford's net income grew 453% from $176 million in 2013 to $798 million last year, according to the company's ...Read More
 
 
Topeka Pays $66,600 to Outside Counsel for Work Comp Claims 02/03/2015
State: KS | Segment: NORTH | 0 | Popular with Legal
The city of Topeka, Kansas, paid $66,600 to two law firms that defended it against workers' compensation claims last year, after deciding to outsource those services instead of using an in-house attorney to save costs, according to ...Read More
 
 
Three Charged with Fraud Based on Exaggerated or Fabricated Injury Report 02/02/2015
State: NJ | Segment: NORTH | 0 | Popular with Legal
New Jersey prosecutors have charged a county correctional officer, his wife and another woman with workers' compensation fraud charges, alleging the correctional officer fabricated or exaggerated the extent of his injuries. His wife and the woman are accused of lying during sworn testimony....Read More
 
 
Two Shops Drive 79% Increase in 2013 Audit Penalties 01/29/2015
State: CA | Segment: WEST | 0 | Popular with Insurance
The Division of Workers' Compensation assessed audit penalties on two shops processing California claims in 2013 compared to five in 2012, but the total penalty amount increased 79% to $391,606 from $218,769, according to an audit report released Wednesday. Acclamation Insurance Manag...Read More
 
 
TDI Proposes Rule Amendments to Update Contact Information 01/30/2015
Source: Texas Department of Insurance
State: TX | Segment: SOUTH | 0 | Popular with Legal
Editor's Note: This article was posted with our Thursday, Jan. 29 report, but did not appear on the website because of technical problems.   The Texas Department of Insurance has published proposed rules to Texas Administrative Code sections covering TDI contact in...Read More
 
 
Three-Member Panel Recommends Legislative Exemption for Reimbursement Rates 01/23/2015
State: FL | Segment: SOUTH | 0 | Popular with Legal
The Florida Division of Workers’ Compensation’s Three-Member Panel revisited its 2013 and 2011 recommendations in its biennial report for 2015, noting a significant drop in payments for repackaged drugs. The panel also made one new recommendation in the 2015 report, calling fo...Read More
 
 
Travelers Grows Net Income 1% in 2014, Saves Money on Comp Expenses 01/23/2015
State: NA | Segment: NATIONAL | 0 | Popular with Legal
The Travelers Cos. reported a 5% increase in net premiums, a 1% rise in net income and a 0.8% improvement in its combined ratio in 2014. The corporation's premiums rose from $22.77 billion in 2013 to $23.9 billion last year, according to its fourth-quarter ...Read More
 
 
Tropics Software Technologies Releases Reinsurance Billing and Claims-Processing Software 01/22/2015
Source: Tropics Software Technologies
State: NA | Segment: NATIONAL | 0 | Popular with Legal
Tropics Software Technologies has launched a new version of its automated policy, billing and claims-processing software for excess workers' compensation carriers. Tropics co-developed the software along with the Workers' Compensation Reinsurance Association, which is the exclusiv...Read More
 
 
Three Arrested in Santa Barbara for Insurance Fraud 01/19/2015
State: CA | Segment: WEST | 0 | Popular with Insurance
The Santa Barbara District Attorney's Office announced the arrest of the owner of United Seal Coating, his wife and a longtime employee on 42 felony counts of insurance fraud. Detectives from the California Department of Insurance on Jan. 14 arrested United Seal Coating owner Alberto ...Read More
 
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