Big Carriers Get Texas 'Poor' Timeliness Rating

The Texas Division of Workers’ Compensation’s latest Insurance Carrier Performance Based Oversight report has rated several of the industry’s largest insurance companies as “poor”.
Five companies received that rating: Amtrust Insurance, Berkshire Hathaway Homestate Insurance, Redwood Fire & Casualty Ins, and Tri-State Insurance Company of Minnesota.
The Texas PBO’s ratings assess the carriers’ timeliness in: payment of temporary income benefits; processing initial medical bills; processing requests for reconsideration of medical bills; and, submission of EDI medical data to the agency.
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Enlyte is offering a free webinar today covering its latest Pharmacy Solutions Drug Trends report, focusing on the challenges that payers face in managing WC pharmacy care.
Slated for 1pm ET, the session covers opioids, emerging drug classes, varied dispensing channels, and high-impact pharmaceuticals.
Among the presenters will be Senior Director of Clinical Pharmacy Services Nikki Wilson and Sr. Clinical Account Pharmacist Cameron Hannum.
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Playing off the combination of the words “trust” and “accord”, PCF Insurance Services has rebranded its business under the moniker Trucordia ahead of the launch of its new business strategy.
“Our strategy provides a road map that builds on our strong foundation,” said Lindon, Utah-based Chief Executive Officer Felix Morgan. “We’re uniting more than 5,000 professionals coast to coast.”
It will continue to offer workers’ compensation insurance solutions along with its commercial and personal lines, life and health, and employee benefits.
Last month, then-PCF announced the acquisition of Snohomish, Washington-based Top Insurance Associates, which was the company’s 15th significant acquisition completed thus far in 2024, it said at the time.
The brokerage was valued at $4.7 billion in February 2023, according to an announcement of a $500 million preferred equity investment by Carlyle’s Global Credit platform and private equity firm HGGC, an existing minority investor.
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