TPA News

PMA Acquisition Approved by Shareholders

Shareholders of Pennsylvania-based PMA Capital Corp. have approved the company’s acquisition by Old Republic International Corp. a deal that is expected to close on Oct. 1. PMA Capital also announced that President and CEO Vincent T. Donnelly, and all other …

Intercare Names Rothman as EVP, Business Development

Intercare Holdings Insurance Services, a workers’ compensation and liability third party administration and managed care services company, has hired Richard R. Rothman as executive vice president for Business Development. Intercare has offices in California, Washington, Nevada and Texas. Rothman, formerly …

NextImage Medical Acquires SelectMRI

NextImage Medical Inc. has acquired SelectMRI, a wholly owned subsidiary of MSC Care Management (MSC), a care management company serving postdischarge and post-injury workers’ compensation patients. Under the terms of the agreement, NextImage Medical has acquired 100 percent of the …

Impairment Resources Names Osborn COO

San Diego-based Impairment Resources LLC, a resource on impairment evaluation, has appointed Julie Osborn to chief operating officer. She assumes responsibility for managing and improving processes and systems. She will interact directly with the organization’s clients, who include workers’ compensation …

Washington Auto Glass Company Owner Charged with $1.5 Million in Insurance Fraud

A Burien, Wash., auto glass company owner has been charged with three counts of first-degree theft for a billing scheme that’s believed to have cost insurers more than $1.5 million, the state Office of the Insurance Commissioner announced. Charges against …

Louisiana Hires Independent Administrator to Review Oil Spill Claims

Louisiana has hired an independent administrator to perform a comprehensive review of BP’s oil spill claims process. As the third party administrator, Cannon Cochran Management Services Inc., will also look at the effect of social, human, and workforce development services …

Louisiana Gov. Adds to Attorney General’s Coffers for BP Investigation

Louisiana Governor Bobby Jindal has designated another $5 million – for a total of $10 million – of the $25 million block grant provided by BP to Attorney General Buddy Caldwell’s office to support expenses incurred as a result of …

BP Agrees to $20 Billion Claims Fund; Amount Not a Liability Cap

BP Plc Wednesday agreed to a demand by U.S. President Barack Obama to pay $20 billion into a special fund to handle claims from its huge Gulf of Mexico oil spill and said it was suspending payment of dividends this …

Best Affirms Workers Comp Reinsurer Eastern Re’s ‘A-‘ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Eastern Re Ltd. S.P.C., both with stable outlooks. The ratings recognize Eastern Re’s “strategic affiliation with the holding company, …

Pennsylvania’s PMA Cos. Acquired by Old Republic

Pennsylvania-based PMA Capital Corp. has been acquired by Old Republic International Corp. in a stock-swap transaction valued at around $365 million. The transaction is expected to close in the third quarter, pending approval by PMA’s shareholders, and regulators. PMA Capital …