CA: CWCI Elects Board of Directors for 2010

OAKLAND, CA – T. Hale Johnston, Senior Vice-President of Employers Compensation Insurance Company, has been re-elected Chairman of the Board of Directors of the California Workers' Compensation Institute for 2010 at the Institute's annual meeting in San Francisco. Robert N. Darby of Berkshire...

Study Finds Increased Benefits Cost From High Risk Comp Claims After Company Downsizing

DENVER, CO - A recent study conducted by OCI found that a Fortune 500 Company incurred over $890,000 in increased benefits cost from high-risk claims that were filed by employees after a 10% reduction in force. OCI conducted the study to understand the impact of a company’s downsizing on the high...

TX: Rockport Healthcare Group's PPO Network Tops 500,000 Workers' Comp Providers

HOUSTON , TX – Rockport Healthcare Group announced today that its Preferred Provider Organization (PPO) network has expanded to include over 500,000 providers, making it one of the largest national networks dedicated to the workers' compensation industry. "During the past two years...

DENMARK: Danish Brewery Workers Go on Strike for Right to Drink Beer on the Job

DENMARK - Management at Denmark ’s Carlsberg brewery has ended a work policy to allow workers to drink free beer throughout the work day, effective April 1st, resulting in a strike by hundreds of workers who say management violated the barganing agreement by not allowing workers to give their input...

PMSI and Ameritox Launch Program to Enhance Quality and Effectiveness of Opioid Therapy

TAMPA , FL and BALTIMORE, MD – PMSI, one of the nation’s largest providers of specialty products and services for the workers’ compensation market, and Ameritox, the nation’s leader in pain medication monitoring solutions, today announced a strategic partnership to monitor and...

TN: Stone Point Capital, Hellman & Friedman to Acquire Sedgwick Claims Management Services for $1.1B

MEMPHIS, TN - Sedgwick Claims Management Services, Inc. (Sedgwick CMS), a leading provider of claims and productivity management solutions to corporate and institutional clients, today announced that funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC, together with management...

Workers' Comp Insurers Embracing Technology to React to Market and Regulatory Challenges According to Novarica Report

NEW YORK - In a new sector report published today, Business and Technology Trends for 2010: Workers’ Compensation, research and advisory firm Novarica looks at recent technology initiatives by workers' compensation insurers and highlights top issues for 2010-2011. “New business growth...

Broadspire Partners With Medcor to Provide Injury Triage Services

Atlanta , GA (CompNewsNetwork) - Broadspire, a Crawford Company and leading third party administrator of workers compensation claims, liability claims and medical management services, and Medcor, a leading injury triage provider, are partnering to implement services to more effectively direct immediate...

Coventry Health Care Reports First Quarter 2010 Earnings

BETHESDA, MD - Coventry Health Care, Inc. today reported consolidated operating results for the quarter ended March 31, 2010. Operating revenues totaled $2.9 billion for the quarter with net earnings of $97.3 million, or $0.66 earnings per diluted share (EPS). Excluding the favorable impact of Medicare...

CRM Holdings Announces 1Q Results, Seeks Strategic Alternatives

HAMILTON, Bermuda -- CRM Holdings, Ltd. ("CRM" or "the Company") (Nasdaq: CRMH), a specialty provider of workers' compensation insurance products, announced results for the first quarter ended March 31, 2010. For the first quarter of 2010, the Company incurred a net loss from...

Crawford & Company Announces 1Q 2010 Results

ATLANTA, GA - Crawford & Company, the world's largest independent provider of claims management solutions to insurance companies and self-insured entities, today announced its financial results for the first quarter ended March 31, 2010. Consolidated Results First quarter 2010 consolidated...

AL: Alabama Ranks 17th for Economic Outlook According to Study

The annual study "Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index", published by the American Legislative Exchange Council, ranks Alabama 17th out of 50 states in terms of economic outlook. Source: Birmingham Business Journal

CA: Heggeness, Sweet, Simington & Patrico and Mentz, Finn & McDowell Announce Merger Agreement

SAN DIEGO AND SAN FRANCISCO, CA - Heggeness, Sweet, Simington & Patrico, A P.C., a prominent Southern California workers’ compensation defense firm and respected Northern California workers’ compensation defense firm Mentz, Finn & McDowell, A P.C. today announced an agreement to combine...

IL: Illinois Ranked Sixth Worst Place to Do Business

CHICAGO, IL - A poll conducted by Connecticut-based Chief Executive magazine indicates Illinois has ranked 46th out of 50 states and Washington, D.C. for doing business, this due to the state's budget instability, taxes and regulations. This is the second year in a row that Illinois has ranked 46th...

Seabright Changes Corporate Name

SEATTLE, WA - SeaBright Insurance Holdings, Inc. today announced that it has changed its corporate name to SeaBright Holdings, Inc. to better reflect the different products and services offered by SeaBright's subsidiary companies. The Company's NYSE ticker symbol "SBX" will not change...

Sedgwick CMS Transaction Completed by Stone Point Capital and Hellman & Friedman

MEMPHIS, TN - Sedgwick Claims Management Services, Inc. (Sedgwick CMS) reported last Friday the closing of the previously announced transaction whereby investment funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC, together with management, have acquired 100 percent ownership...

NV: Nevada Business Group Uses Monkey-Themed Ad Campaign to Attract California Business

LAS VEGAS, NV - The Nevada Development Authority (NDA) launches today a new million-dollar monkey-themed television advertising campaign in California to attract business owners to relocate to Southern Nevada . The campaign highlights the benefits of doing business in Nevada and features a new texting...

Old Republic and PMA Capital Announce $365M Merger Agreement

CHICAGO , IL and BLUE BELL, PA - Old Republic International Corporation (“Old Republic”) and PMA Capital Corporation (“PMA”) announced today that the companies have entered into a merger agreement pursuant to which Old Republic will acquire all of PMA’s outstanding common...

Employers Warned About Pitfalls for Unpaid Internships

The Phoenix Business Journal warns that employers need to exercise caution in hiring unpaid interns because federal wage and labor rules might apply to those interns. If such an intern gets hurt on the job and qualifies for workers' compensation, this could cause problems if the employer has erroneously...

CA: CMTA and CompWest Form Partnership to Provide Workers' Comp Insurance for Manufacturing Sector

Effective July 1, 2010, the partnership of California Manufacturers and Technology Association (CMTA) and CompWest Insurance Company will provide a group workers' compensation insurance program for California's manufacturing sector. Source: Insurance Journal

NV: Employers Holdings Inc. Lays Off 161 Workers Nationwide, 44 in Reno

RENO, NV - The Reno-Gazette Journal reports that Employers Holdings, Inc. has cut 161 positions nationwide, with 44 of those positions eliminated in its Reno headquarters.

LA: LUBA Expands to Arkansas, Mississippi Markets, Eyes Texas

BATON ROUGE, LA - LUBA Workers' Comp, the third largest workers' compensation insurer in Louisiana, has expanded its services to the Arkansas and Mississippi markets and is now eyeing a move into Texas. Source: 2theadvocate

Markel Corporation to Acquire Aspen Holdings for $135M

Specialty (re)insurer Markel Corporation has announced that it will acquire the privately owned U.S. workers' compensation insurer Aspen Holdings for $135 million. Source: Trading Markets

IA: Iowa Ranks 6th in Top States for Business Study

The Des Moines Register reports that a new study ranks Iowa sixth out of fifty states in terms of business ranking, with Iowa down two spots from its 2009 ranking.

NY: New York Ranks Highest in Country for Cost of Doing Business

According to CNBC's most recent America's Top States for Business Ranking, New York State has the highest cost of doing business in the country. Source: The Business Review