Memphis-based Sedgwick, the national claims management and benefits firm, announced it had elevated two longtime officers to new positions. Micheon Balmer
12/22/20
In November, the Ohio Bureau of Workers Compensation (BWC) agreed to issue
$5 billion in dividends to qualifying Ohio employers to ease the financial pressures created by COVID-19. This is the third dividend declared and paid in 2020, bringing the total pandemic easement to nearly $8 billion for both public and private employers.
These dividends were made possible in part due to BWC s strong investment strategy and returns achieved on premiums paid. However, savings have been further compounded by effective risk management programs at the workplace, resulting in a lower volume of claims. Collectively, the employer community, alongside Ohio TPAs and MCOs, has taken strides to protect the worker, improve workplace safety and take care of injured workers. When accidents do occur, great partnership efforts among this collective have proven to effectively manage claims, reduce frequency and severity, and control costs.