A medical billing company is taking public its complaints about what it says are unjust, systemic denials of providers’ bills by the claims department at Zurich Insurance. It alleges, and recordings of its conversations with Zurich officials appear to support its claims, that the carrier’s policy is to automatically reject bills filed more than 30 …
Workers’ Comp Executive sat down recently with State Compensation Insurance Fund President Vern Steiner (see photo) for a one-on-one meeting to discuss the quasi-governmental carrier’s current condition and its on-going role in the California workers’ comp market. Last issue we discussed State Fund’s return to paying dividends, its half-billion-dollar reserve release, and the workers’ comp …
Workers’ Comp Executive sat down with State Compensation Insurance Fund President Vern Steiner (see photo) for a one-on-one interview to discuss the quasi-governmental carrier’s current situation and its on-going role in the California workers’ comp market. The conversation touched on a wide range of topics from State Fund’s recent return to paying dividends to its …
A handful of California legislators led a rally on the West Steps of the Capitol last week to show Gov. Newsom and the rest of the Legislature the widespread support to repeal AB 5 – the 2019 legislation that put into statute a new set of rules for differentiating between independent contractors and employees. As …
California’s workers’ comp carriers are on an impressive run of profitability with five straight years of combined ratios well below 100 in spite of continued rate decreases. The overall soft market, however, has carriers competing for premium. Brokers report numerous bonus opportunities for delivering new accounts in the competitive workers’ comp market. Workers’ Comp Executive …
Workers’ Comp Executive is pleased to announce that the Specialized Information Publishers Association (SIPA) is recognizing the publication for its continued excellence in covering the controversies surrounding Applied Underwriters and …
Five years into its ownership of York Risk Services, private equity firm Onex found its exit with a deal to sell the third-party administrator (TPA) to competitor Sedgwick for an undisclosed amount. Onex reportedly paid $1.3 billion to acquire York in 2014. The deal reinforces Sedgwick’s position as the nation’s largest TPA. Sedgwick itself is …