|Zurich Considering Buying RSA Insurance Group|
By Lonce LaMon - July 29, 2015
Zurich Insurance stated yesterday that it is considering an offer for RSA Insurance Group, the London-based multi-line insurer. Today Zurich, based in Zurich, Switzerland, stated that any offer it might make for RSA would likely be made only in cash.
RSA stated in a statement yesterday that it had held neither talks nor gotten a proposal from Zurich, thus advising its shareholders to take no action.
|Anthem Finally Gets Cigna To Agree To Purchase For $54 Billion|
By Lonce LaMon - July 27, 2015
On Friday, it was announced that Anthem at last got a yes from Cigna to be purchased by them. The merger frenzy which has crossed over many industries, has culminated in the health insurance industry manifesting a $54 billion deal for Anthem to buy its rival Cigna Corp.
Last month Cigna turned Anthem down. However, after staving off Anthem’s pursuit for almost a year, Cigna accepted $188 a share up from Anthem’s $184 per share offer of last month.
|Report on Workers’ Comp Reforms Shows Benefit Increases for Injured Workers, Reduced Costs to Employers |
By News Release - California Department of Industrial Relations - July 23, 2015
Oakland— The Department of Industrial Relations (DIR) and its Division of Workers’ Compensation (DWC) have posted a new report on progress implementing Governor Brown’s workers’ compensation reforms. The report details increased payments to injured workers and significant cost-saving benefits for employers.
|No Responses Yet On How ACE - Chubb Merger May Affect Claims Department In California|
By Lonce LaMon - July 21, 2015
On July 1st 2015, exactly three short weeks ago today, ACE Ltd. agreed to buy Chubb Corp for $28.3 billion in cash and stock. This combining is going to create one of the biggest property-casualty companies in the world.
Both insurers write workers’ compensation insurance and have claims departments in California. ACE owns ESIS, with offices in Fremont, Chatsworth, and San Diego. Chubb has claims offices in downtown Los Angeles and Pleasanton. This includes Chubb Services, as well.
July 21, 2015 - CA DWC Enacting New Online QME Form 106 Panel Process, Posts Training Video and FAQs on Website
July 20, 2015 - Chubb Cancels July 23 Conference Call To Discuss Its Quarterly And Annual Results
July 17, 2015 - DWC Issues Notice of Public Hearing for the Medical Treatment Utilization Schedule Regulations to Update Chronic Pain Medical Treatment Guidelines, Adopt Opioids Treatment Guidelines
July 15, 2015 - Cal/OSHA Cites Construction Company in Fatal Steel Pipe Accident
July 12, 2015 - Federal Indictment Unsealed As Chiropractors Bahar Gharib-Danesh, Na Young Eoh, And Clinical Psychologist John Terrence Are Arrested In California On Thursday For Workers’ Compensation Fraud
July 8, 2015 - California DWC Posts Ethics Advisory Committee Annual Report for 2014