By Aaron Davis | [email protected] | Bay Area News Group PUBLISHED: July 24, 2018 at 3:52 pm | UPDATED: July 25, 2018 at 4:52 am MARTINEZ — Nine restaurants in central and east Contra Costa County have been fined more than $200,000 for not having workers’ compensation insurance despite being warned. The penalties sprung from inspections by a joint strike force involving the Contra Costa District Attorney’s Office, the Department of Labor Relations’ Labor Commissioner’s Office, and the Employment Development Department. After the restaurants failed to respond to warning letters sent by the district attorney’s office in July 2017, authorities suspected they willfully neglected to provide workers’ compensation insurance. So on June 20 and 26, members of the strike force did surprise inspections of the nine restaurants. “This operation protects employers who are playing by the rules from being undercut by those who … [Read more...] about Nine Contra Costa County restaurants fined for lacking workers’ comp insurance
Hartford underwriters insurance company workers comp
California workers’ comp insurer cuts way back on opioid spending
By Catherine Ho Updated 6:13 pm, Friday, June 8, 2018 Photo: Dreamstime / Dreamstime Image 1of/1 CaptionClose Image 1 of 1 Frpm 2014 and 2017, the State Compensation Insurance Fund, a huge workers’ compensation provider in California, slashed the number of opioid prescriptions it covered by 60 percent. Frpm 2014 and 2017, the State Compensation Insurance Fund, a huge workers’ compensation provider in California, slashed the number of opioid prescriptions it covered by 60 percent. Photo: Dreamstime / Dreamstime California workers’ comp insurer cuts way back on opioid spending 1 / 1 Back to Gallery The State Compensation Insurance Fund, one of the largest providers of workers’ compensation insurance in California, has cut its spending on prescription opioids by 74 percent amid a broader push by … [Read more...] about California workers’ comp insurer cuts way back on opioid spending
Concordia Care Provides Expertise on Electronic Billing Laws for Workers’ Comp and Auto/PIP Medical Claims at Insurance Council of NJ Spring Workshop
MIAMI--(BUSINESS WIRE)--May 1, 2018--Concordia Care, Inc. (Concordia), a specialty risk-transfer company, announces that Dr. William DeGasperis, President of Specialty Services at Concordia, will participate as a subject matter expert at the Insurance Council of New Jersey’s Spring Workshop, Friday, May 4. Dr. DeGasperis joins a panel of experts who will discuss the new electronic medical billing requirements for workers’ compensation and auto claims under the new legislation enacted by the New Jersey State Senate. The legislation impacts both healthcare providers (providers) and insurance carriers (payers), calling for electronic submission of medical bills and payments on standardized electronic forms.“Within the past year, New Jersey has enacted two laws requiring mandatory electronic billing for all providers and insurance carriers who submit or receive and pay for more than 25 medical bills per month,” says Dr. DeGasperis. “The ICNJ panel will share … [Read more...] about Concordia Care Provides Expertise on Electronic Billing Laws for Workers’ Comp and Auto/PIP Medical Claims at Insurance Council of NJ Spring Workshop
Retailers Casualty Insurance Company Announces Policyholder Dividend
[STK][IN] FIN INS[SU] DIV-- WITH PHOTO -- TO BUSINESS EDITORS:Retailers Casualty Insurance Company Announces Policyholder DividendBATON ROUGE, La., April 24, 2018 /PRNewswire/ -- The RetailersCasualty Insurance Company board of directors has declared a $1million dividend for the 2016 policy year, and dividends to qualifyingpolicyholders have been distributed this week.Each dividend is in proportion to qualifying policyholder premium andloss ratio-the better their record, the higher the return. The amountof dividend paid to qualifying policyholders with zero losses will be7.4 percent of their normal premium. To receive dividends,policyholders must meet minimum requirements, and dividends are notguaranteed."Retailers Casualty Insurance Company continues to provide stableworkers' comp coverage for our policyholders and rewards those whokeep their losses low," states Carl Carstens, chairman of theRetailers Casualty board of directors.Retailers Casualty is managed by Summit Consulting, … [Read more...] about Retailers Casualty Insurance Company Announces Policyholder Dividend
Central Insurance Companies Bolsters Underwriting Analytics in Workers’ Compensation
DENVER--(BUSINESS WIRE)--Apr 24, 2018--Valen Analytics ®, an Insurity company, and provider of proprietary data, analytics and predictive modeling for P/C insurers, today announced that the Central Insurance Companies (Central) will utilize Valen’s InsureRight® Platform for workers’ compensation to more accurately understand the health of its book of business and offer underwriters new information for writing risk. Central is a leading property and casualty insurer with more than a billion dollars in assets and an A.M. Best “A” Rating.Central will utilize both the Predict and Manage applications of the InsureRight Platform.Predict empowers underwriters to make more informed decisions on risk selection and pricing, by generating actionable insights at the point of decision, significantly reducing time-to-quote on new and renewal policies.Manage is a portfolio management analytics tool that uses real-time, leading performance indicators to create visual … [Read more...] about Central Insurance Companies Bolsters Underwriting Analytics in Workers’ Compensation