A second bill that would create a closed drug formulary for injured workers in Illinois was introduced Thursday, in line with a yearslong trend among lawmakers there aiming to mandate how drugs are prescribed under workers compensation. H.B. 4087, which was referred to the rules committee, calls on the Illinois Workers’ Compensation Commission, upon consultation …
Illinois lawmakers double down on drug formulary proposal Read More »
The annual ranking of the highest-paid brokerage executives is the resounding No. 1 in this week’s Top 10. Source link
Illinois lawmakers are considering two bills that would establish limits on causation for compensable workplace injuries and redraft medical fee schedules in workers compensation. H.B. 4082, introduced Wednesday, would set parameters on what constitutes an injury that occurs “out of and in the course of employment.” The bill states that such an injury would be …
Illinois comp bills address injury causation, fee schedules Read More »
ORLANDO, Florida — The role of medicine in workers compensation is continually evolving, as newer technologies emerge and change the nature of care for injured workers, panelists said Tuesday at the National Council on Compensation Insurance’s Annual Insights Symposium. During a session on the future of medicine, Dr. Gerry Stanley, senior vice president and chief …
Virtual reality fosters positive injured worker outcomes: Experts Read More »
ORLANDO, Florida – As the threat of a recession looms, the workers compensation insurance industry remains relatively healthy, an industry expert said during a presentation Wednesday at the National Council on Compensation Insurance’s Annual Insights Symposium. A recession this year would likely lead to a deceleration of commercial lines’ net written premium growth, taking pressure …
Workers comp remains strong as labor market rebounds: Expert Read More »
MedRisk LLC on Wednesday announced the retirement of its CEO Danielle Lisenbey, who joined the company in 2020. Prior to her work at the King of Prussia, Pennsylvania-based managed physical rehabilitation company, Ms. Lisenbey was global president of Broadspire Services Inc., the third-party administrator of Atlanta-based Crawford & Co. She was among Business Insurance’s Women …
MedRisk announces Danielle Lisenbey retirement, leadership changes Read More »
ORLANDO, Florida – The workers compensation industry is healthy, with net written premium increasing 11% in 2022 to $47.5 billion, a level similar to 2019 prior to the start of the COVID-19 pandemic, experts with the National Council on Compensation Insurance said Tuesday during its Annual Insights Symposium. Last year was also the sixth consecutive …
Workers comp premium increased 11% in 2022: NCCI Read More »
Seaglass Insurance Group on Tuesday announced the launch of a workers compensation program for distressed businesses with high injury rates in the manufacturing and social service sectors. The Estero, Florida-based managing general agent, licensed in all states, provides services to drive down workers compensation insurance costs and strengthen workplace safety culture by focusing on mitigation …
MGA launches risk management, comp program for struggling companies Read More »
Pay levels varied widely among top brokerage CEOs last year as one worked his first year in the top job and another retired. Source link
Montana Gov. Greg Gianforte signed a bill expanding the types of cancers that are presumed compensable for firefighters. The governor on Thursday signed S.B. 310, which creates presumptions that cervical cancer is work-related after 15 years of service and that testicular cancer arose from employment after 10 years of service. Mr. Gianforte also signed H.B. …