Insight, analysis & opinion from Joe Paduda
Didn’t hear anything in Coventry’s earnings call yesterday about workers comp – even though it accounts for about three-quarters of a billion dollars in revenue and somewhere’s north of $85 million in margin – for Coventry. Turns out I didn’t … Continue reading Coventry workers’ compensation business – no news is…
Read More...Today’s NCCI report on the near-term future of workers comp should be required reading for work comp execs. Here are the soundbites. – indemnity costs will continue to rise, but very slowly. – frequency will likely not increase. – medical … Continue reading Workers comp medical costs – the real driver
Read More...The investment community’s fascination with the work comp services space resulted in a half-dozen deals over the last couple of months, on top of several more earlier in 2010. Which has led some to ask? Why this industry and why … Continue reading Why all the deals in the work comp space?
Read More...This always seems like a good idea in January, looks like a not-well-thought-thru idea in July, and by December morphs into a well-it-coulda-been-worse idea. But I’ve got a short memory, so here goes – in no particular order, predictions for … Continue reading What’s up for 2011 – predictions for work comp in the Next Year
Read More...So, how’d my predictions for 2010 turn out? Well, I won’t e jumping for joy – or out any windows either. Here’s what I predicted back in January for 2010, and a (mostly) objective assessment of the accuracy thereof. 1. … Continue reading How’d those 2010 predictions turn out?
Read More...We’ve all had a few days to digest the recently announced Humana – Concentra deal, and perhaps think thru what this means for Humana, why they did the deal, and if this gives any insight into what other health plans … Continue reading The Humana – Concentra deal: this isn’t that hard to figure out, people
Read More...When you get a call late on a Friday, it’s usually good news – if it was bad, they’d usually wait till Monday rather than ruin your weekend. The call I received from Kent Takemoto, MD, President of PMSI Settlement … Continue reading Good news on a Monday – CMS’ change in MSA ‘accounting’
Read More...The much-anticipated ‘State of the Line’ presentation by NCCI’s Dennis Mealy (which will be available on ncci.com’s website next week) is the highlight of the Symposium. Here’s what Dennis had to say. First, the overall property and casualty (P&C) industry’s … Continue reading NCCI’s state of the industry 2010 – the details
Read More...NCCI President Stephan Klingel led off this year’s NCCI Annual Issues Symposium with a brief intro, and his lead in wasn’t exactly encouraging, predicting a ‘precarious’ outlook for the workers comp market. The factors that led NCCI to characterize work … Continue reading NCCI’s state of the industry 2010 – the overview
Read More...Numbers released by the Institute for Supply Management indicate manufacturing activity increased in April for the fifth consecutive month, while public construction was also up. The manufacturing numbers were the strongest they’ve been since June 2004, and according to a … Continue reading Good news for work comp – Manufacturing and Construction activity increasing
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