CNA reports large underwriting losses from COVID, civil unrest

COVID-19 significantly impacted underwriting results for CNA Financial Corp., resulting in pretax net catastrophe losses of $301 million in the second quarter, the Chicago-based insurer reported Monday.

CNA posted net income of $151 million, down nearly 46% from last year’s second quarter. However, the company did see slightly lower loss frequency as a result of shelter-in-place restrictions,

Double dipping on comp claims

A California-based executive assistant has pleaded guilty to allegedly double-dipping on workers compensation claims.

Marlene Cavalcanti reported that she fell at work and sustained injuries and received more than $42,000 in total temporary disability payments as well as medical treatment, the California Department of Insurance announced in a statement Friday.

The San Rafael,

Mitchell/Genex finalizes acquisition of Coventry

Mitchell/Genex, formerly known as Mitchell International Inc., announced Monday that it has completed its acquisition of Coventry Workers Comp Services from CVS Health.

Financial terms of the transaction were not disclosed.

Mitchell/Genex, which includes San Diego-based Mitchell and Wayne, Pennsylvania-based Genex Services LLC, said in a statement that it will add Coventry’s preferred provider organization to its cost containment and clinical services division and gain 2,000 employees.

Bill would expand access to comp for federal nuclear site workers

A bill introduced in the U.S. Senate Wednesday would help workers at federal radioactive sites obtain workers compensation for work-related cancers and other health issues. 

S.B. 4363, introduced Wednesday by Sen. Patty Murray (D-Washington), would establish an occupational disease presumption for employees at the U.S. Department of Energy’s Radioactive Waste Management Complex.

New Jersey bill targets comp subrogation claims for auto accidents

A New Jersey bill would prohibit employers and insurers from filing a claim against a third-party to recover workers compensation benefits paid after a work-related automobile accident.

A.B. 4472, introduced by Democratic Assemblywoman Joann Downey on Thursday would prohibit the filing of a subrogation claim for a worker’s award.

The bill was introduced in response to the New Jersey Supreme Court’s May 13 decision in New Jersey Transit Corp.

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