Category Archives: Features

La. Voices React: New A.M. Best Report Shows Record Premiums Written Since Great Recession

The U.S. workers’ compensation sector reported a record high $58.5 billion in direct premiums written in 2016 despite economic, regulatory and legal issues that threaten to reshape the market, according to a new A.M. Best special report. Louisiana Comp Blog reached out to local voices to get their take on the report, including why, in this profitable environment, the need for reform remains a constant refrain.

CMS Issues New WCRC Award: Experts Weigh In

A new Workers’ Compensation Review Contractor (WCRC) award has been issued by CMS. The new WCRC contract was awarded on September 1st, 2017, to Capitol Bridge, LLC of Arlington, Virginia, a certified small business entity. The contract is worth $60,759,236 – an increase of $5,124,084 from the previous Provider Resources contract awarded in 2011.

LCTA Executive VP Troy Prevot on LCTA/Risk Management Resources Deal

LCTA Workers’ Comp (LCTA) announced this week that it is continuing its growth strategy with the acquisition of Risk Management Resources and the creation of a new subsidiary, LCTA Specialty Insurance Company. These announcements come on the heels of its expansion to write business in Mississippi and Arkansas, and its conversion to a casualty insurance company in early 2016.

Louisiana-based Insurers Ready for Continued Harvey Recovery

Hurricane Harvey made landfall on the Texas coast as a Category 4 storm on August 25th with winds of 130 miles per hour and went on to devastate Houston, Beaumont, and parts of Southwestern Louisiana with floodwaters and other damage as the days wore on. Now that the affected areas have switched to recovery mode, we reached out to workers’ compensation insurers based in Louisiana that also write in Texas to ask how they are handling the crisis and if they expect any increase in business due to re-building efforts, as occurred in Louisiana after Hurricanes Katrina and Rita in 2005.