Quote of the day
"It's natural for us to go into other lines and be able to offer products and services to our customers and potentially get other customers as well through this transaction."
BrickStreet CEO Greg Burton, regarding its affiliation with Motorists Mutual
MetroNews (Charleston, W.V.)
FLASH: Rates down! Commissioner gives employers early Halloween treat
California Insurance Commissioner Dave Jones issued his rate decision and is recommending that employers get a bigger rate cut than the industry was proposing. Workers’ Comp Executive
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BrickStreet affiliating with Ohio-based company to become “super-regional carrier”
BrickStreet Mutual Insurance announced Friday what CEO Greg Burton calls the Charleston, West Virginia-based company’s next “natural step” with information that it is joining forces with Columbus, Ohio-based Motorists Mutual Insurance Company. The affiliation agreement will expand BrickStreet’s workers’ compensation offerings to customers in 29 states and allow the company to offer other lines of insurance, through Motorists Mutual, to its customers. MetroNews (Charleston, W.V.)
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Independence Health Group sells workers’ compensation business
Independence Health Group, the parent company of Independence Blue Cross, has signed an agreement to sell its workers’ compensation business, AmeriHealth Casualty Insurance Co., to AmTrust Financial Services Inc. The agreement doesn’t include CompServices, Independence’s third-party workers’ compensation administrator. Bucks County Courier Times (Levittown, Pa.)
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Medicaid fraud a $30B industry; Illinois taking steps to stop improper health care payments
Defrauding Medicaid is a booming business, according to the federal Centers for Medicare & Medicaid Services, which says the total amount of “improper payments” for Medicaid last year totaled more than $29 billion and accounted for nearly a tenth of all payments. This illicit industry, along with other kinds of costly health care waste, is the subject of a new report released last week by the Illinois Health Care Fraud Elimination Task Force which targets fraud, waste and abuse in Medicaid, state employee health insurance and workers’ compensation cases. Illinois Times
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Wife of electrocuted worker files wrongful death lawsuit
Two years after her husband was electrocuted at a Dayton, Ohio recycling center, his widow has filed a wrongful death lawsuit. The 33-year-old welder died in October 2014 when he was electrocuted while helping employees replace a metal roof of an electrical transformer substation. Dayton Daily News
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