Long COVID continues to plague, puzzle comp industry
As information about long COVID evolves, workers compensation experts are watching how clinical changes and statistics may impact compensability for workers who continue to struggle with the diseases effects.
Lebrons restaurant chain sets another ablaze in court proceedings
A Lebron James-backed pizza chain is hoping to score in court after another restaurant chain allegedly committed trademark infringement, SFGATE reported.
New firm Sola Health to offer self-funded plans to smaller employers
Goodroot, a network of companies that offer and sell health care products and services, announced the launch of Sola Health, which offers self-funded health plans to employers, reports Healthcare Finance. While Sola serves groups of all sizes, its primary focus is on those with 25-200 employees. Sola offers level-funded plans with major national carrier networks […]
Research: Medicare Advantage overpayments could top $75 billion in 2023
Researchers at the University of Southern California Schaeffer Center for Health Policy and Economics estimate that overpayments in Medicare Advantage could top $75 billion in 2023, Fierce Healthcare reports. The USC report found that people who switched from traditional Medicare to MA had lower spending compared to those with the similar health risks who stayed […]
Report finds homeless people being improperly signed up for ACA health plans
Hundreds of homeless people in Florida have been approached by commission-seeking agents and brokers, who sign them up for zero-premium health plans on the Affordable Care Act marketplace, for which they do not qualify, according to state insurance regulators, doctors, and enrollment counselors, reports Kaiser Health News. The presumption is that dishonest agents and brokers […]
Improved health care affordability gains at risk of retreating: Report
Pandemic-era policies spearheaded by the federal government led to improved health care affordability in the United States between 2019 and 2022, according to a Robert Wood Johnson Foundation study, reports Healthcare Dive. Adults reported less difficulty paying medical bills and were less likely to forgo needed medical care due to costs in 2022 than in […]
Safety net hospitals await government plan to repay $10 billion
Safety net hospitals will soon learn how the government plans to reimburse them for nearly $10 billion resulting from underpayments from the federal drug discount program, Axios reports. The Centers for Medicare & Medicaid Services is poised to reveal a repayment plan to facilities in the 340B program, after the Supreme Court found the agency […]
Funded status of U.S. pensions improves in May
Despite negative returns for many asset classes in the stock market, decreasing liabilities resulted in U.S. corporate pension funded status improvements in May, Plansponsor reports. Pension discount rates rose almost one-quarter of a percentage point in May, erasing much of the fall in rates that had been seen so far this year, according to consultant […]
CMS urges states to slow Medicaid purges for procedural reasons
The Biden administration on June 12 urged states to slow down their purge of Medicaid rolls, citing concerns that large numbers of lower-income people are losing health care coverage due to administrative reasons, the Associated Press reports. The nation’s Medicaid rolls swelled during the coronavirus pandemic as states were prohibited from ending people’s coverage. But […]
NN Group reappoints David Knibbe as chief
Dutch insurer NN Group NV has reappointed David Knibbe as the chief executive, member of the executive board and chair of the executive board and management board, Xprimm reported. The insurer has also named Pauline van der Meer Mohr as the vice-chair of the supervisory board.
PIB Group buys Irish specialist brokerage
U.K.-based specialist insurance broker PIB Group Ltd.’s Irish subsidiary Campion Insurance Ltd. has acquired Ireland-based specialist insurance brokerage Tim Duggan Insurances Ltd. to further expand its footprint in the region, The Irish Examiner reported. The announcement marks PIB’s 15th acquisition of an Irish company since 2021.
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Connecticut governor signs mental injury compensability bill
Connecticut Gov. Ned Lamont on Tuesday signed a bill that would make post-traumatic stress injuries compensable for all workers if they experience a qualifying event such as witnessing a death.
Amputee who intentionally lit firework does not qualify for comp
An appeals court in Connecticut ruled Tuesday that a municipal worker cleaning up fireworks debris who intentionally lit the wick of a live explosive was not in the scope of his employment when he suffered a serious hand injury.
WTW hires former fintech exec as trade credit lead
Willis Towers Watson PLC said Wednesday named former fintech executive Todd Lynady as multinational trade credit leader.
Kaufman unit Atain names Linc Trimble chief underwriting officer
H.W. Kaufman Group unit Atain Insurance Cos. said Tuesday it has named Linc Trimble chief underwriting officer, a new position.
Cyclone shutters operations at India west coast ports
India’s eight ports along the Gujarat coastline have suspended their operations in the wake of Cyclone Biparjoy, which is likely to make landfall on June 15, Hellenic Shipping News Worldwide reported citing Reuters. Furthermore, petrochemical shipments are also expected to be delayed due to the cyclone. Adani Ports and SEZ Ltd. and Reliance Industries Ltd. […]
Severe drought responsible for power shortage in Vietnam
Severe drought conditions have reduced water levels at hydropower reservoirs in the north of Vietnam to below the dead level, forcing power plants to suspend the turbine operations that have resulted in a power shortage in the region, Asia News Network reported. The Thac Ba Hydropower plant in Yen Bai province has suspended operations at […]
Premium grows by nearly 141% in Turkey
Data from the Insurance Association of Turkey showed that local insurers’ total premiums grew by nearly 141% year-on-year to 103.8 billion Turkish lira ($4.38 billion) in the first quarter of the year, Xprimm reported. Meanwhile, nonlife insurance premiums increased by 146.5% year-on-year to TRY91.94 billion.
Retailer accuses former executives of fraud leading to bankruptcy
Brazilian retail chain Lojas Americanas S.A., which filed for bankruptcy protection in January, has accused its former executives of falsifying the company’s balance sheets in order to hide its real situation, Nasdaq reported citing Reuters. The retailer has named ex-chief executive Miguel Gutierrez and half a dozen other ex-officers for taking part in an accounting […]