Miami, FL (CompNewsNetwork) - H.I.G. Capital, L.L.C., a leading global private equity investment firm announced today that it entered into a definitive agreement to acquire PMSI from AmerisourceBergen Corporation. The closing of this transaction is expected to occur during the third quarter of 2008.
Atwater, CA (CompNewsNetwork) - The Department of Industrial Relations' Division of Occupational Safety and Health issued six citations, three of which are serious and willful, and assessed fines of $262,700 against Merced Farm Labor Contractor, the Atwater-based employer of a 17-year-old farmworker who died of heat stroke in May.
Columbus, OH (CompNewsNetwork) - The first meeting of the Advisory Committee on Eligibility and Real Time Claim Adjudication was held Tuesday, July 22.
Glenmont, NY (CompNewsNetwork) - The Professional Insurance Agents of New York State Inc. will testify at hearings being conducted by the New York State Insurance Department in Albany. This is the second in a series of three hearings on the issue. A third is scheduled to take place July 25 in New York.
Austin, TX (CompNewsNetwork) - The Texas Department of Insurance, Special Deputy Receiver, and National Organization of Life and Health Insurance Guaranty Associations are finalizing confidential settlement negotiations for a liquidation plan to protect consumers with insurance policies issued by Lincoln Memorial Life Insurance Company (Lincoln Memorial) and Memorial Service Life Insurance Company.
Austin, TX—The Texas Department of Insurance (TDI), Division of Workers’ Compensation has closed its Corpus Christi and Weslaco field offices until further notice due to severe weather caused by Hurricane Dolly.
Los Angeles, CA (CompNewsNetwork) - Officials with the State Division of Labor Standards Enforcement (Labor Commissioner's Office) issued 47 citations totaling $356,200 in fines to car wash businesses in Los Angeles and Orange counties as part of an ongoing effort to address illegal operations in the underground economy.
Tallahassee, FL (CompNewsNetwork) - Florida Insurance Commissioner Kevin McCarty will testify before the U.S. House of Representatives Committee on Energy and Commerce Subcommittee on Oversight and Investigations at a hearing entitled: "Long-Term Care Insurance: Are Consumers Protected for the Long Term?"
Oklahoma City, OK (CompNewsNetwork) - The Physician Advisory Committee to the Oklahoma Workers' Compensation Court will hold a public hearing on August 22, 2008 at 2:00 PM in the 2nd Floor Courtroom, at the Oklahoma Workers' Compensation Court, 1915 N. Stiles, Oklahoma City, Oklahoma.
Sacramento, CA (CompNewsNetwork) - Following the Fourth District Court of Appeal's decision in Brinker Restaurant Corporation v. Superior Court of San Diego, California Governor Arnold Schwarzenegger issued a statement concerning meals and rest periods.
Albany, NY (CompNewsNetwork) - The New York Workers Compensation Board has announced the removal of the following physicians authorization to treat workers' compensation patients or Conduct Independent Medical Examinations.
Wellesley, MA (CompNewsNetwork) - Last week author Jon Coppelman wrote about the suspicious "total and permanent" disability of Boston firefighter Albert Arroyo, who celebrated his profound disability rating by placing 8th in 2008 Pro Natural Body Building Championship. Yeah, I know, he was just having a good day.
Harrisburg, PA (CompNewsNetwork) - Governor Edward G. Rendell said today that Pennsylvania continued to show job growth in 2008 as the state's nonfarm job count1 rose by 800 in June, while the state's unemployment rate2 remained steady at 5.2 percent.
Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company announced a $51,257 dividend to the Emergency Service Organization (ESO) workers' compensation purchasing group today. The dividend was based on the group's premium volume and loss ratio.
Jefferson City, MO (CompNewsNetwork) - The Missouri Department of Labor and Industrial Relations has extended its claims centers' hours of operation in order to provide improved customer service.
Sarasota, FL (CompNewsNetwork) – GAB Robins, a leader in providing risk and claims management services to the insurance and self-insured marketplace, has selected the WorkCompResearch.com system to support its employees' workers' compensation research and information needs. GAB Robins will use the information on WorkCompResearch to accelerate claims' research and facilitate multi-jurisdictional compliance.
Sarasota, FL (CompNewsNetwork) - WorkersCompensation.com, LLC today announced that Broadspire, a leading third-party administrator to employers and insurance carriers, has selected the WorkCompResearch.com system to support their employee's workers' compensation research and information needs.
Sarasota, FL (CompNewsNetwork) - With 53 legal jurisdictions, workers' compensation in the United States can be a complex and confusing myriad of rules, regulations and forms. The latter can be particularly vexing, as almost 3,000 forms exist to satisfy the various reporting requirements around the nation. WorkersCompensation.com today announced the release of its latest product, FlashForm SSL, designed to automate most of the form completion process for the industry.
Generics Slow Growth in Workers' Compensation Drug Spending in 2007 Centre Daily Times - 0 KB- Found: 2008-07-21, 21:42 GMT Growth in spending by workers' compensation plans on prescription drugs slowed to a 6.0% increase over 2006, according to the annual Express Scripts Workers' Compensation Drug Trend Report. The increase in 2006 over 2005 was 11.4%. Contributing significantly to the 2007 spending slow-down was a record-setting, fourth quarter generic utilization rate of 68.9% by workers' compensation plans.
UAB Hospital dominates workers' compensation market BizJournals - 0 KB- Found: 2008-07-21, 06:51 GMT The University of Alabama at Birmingham Hospital recorded twice as many patient days treating people covered by workers' compensation in 2007 than all of its local competitors combined.
AmerisourceBergen swings to $108 million loss, to sell unit Market Watch - 0 KB- Found: 13 hours ago AmerisourceBergen swings to a fiscal third-quarter loss of $108 million, which it blame on workerscompensation services provider PMSI, leading the Valley Forge, Pa. firm to sell the unit for at least $40 million.
AmerisourceBergen Has Loss After Deal to Sell Unit (Update2) Bloomberg.com - 0 KB- Found: 12 hours ago July 24 (Bloomberg) -- AmerisourceBergen Corp ., the third- biggest U.S. drug distributor, reported a loss after agreeing to sell its PMSI workers' compensation business, a deal that was announced today.
AmerisourceBergen falls to 3Q loss on PMSI sale AP via Yahoo! Finance - 0 KB- Found: 13 hours ago Drug distributor AmerisourceBergen Corp. on Thursday posted a fiscal third-quarter loss on a charge associated with the the sale of its struggling PMSI workers' compensation business.
AmerisourceBergen posts 3Q loss on PMSI sale Philly.com - 0 KB- Found: 10 hours ago Drug distributor AmerisourceBergen Corp., Chesterbrook, today posted a fiscal third-quarter loss on a charge associated with the the sale of its struggling PMSI workers' compensation business.
