Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
Couple Faces Five Years for WC Fraud
Nov 3 2003 // A Grass Valley, Calif., couple faces up to five years in prison and/or a fine of up to $50,000 after an investigation by CDI Fraud Investigators resulted in multiple felony counts of workers’ compensation insurance...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // Best has assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The rating...
The Garamendi Plan: Workers’ Compensation Reform Phase II
Nov 3 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Monoline Workers’ Comp
Nov 3 2003 // Nuts & Bolts: The Princeton Agency/United Underwriting Agency is offering a market for monoline workers’ compensation. Dollars: EL up to $1M/$1M/$1M. No minimum premium up to $50,000. Carrier: Rochdale Insurance...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The outlook is...
Zenith Announces Third Quarter Results
Oct 29 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Calif. DWC Approves SB 228/AB227 Updates to WC Pamphlets
Oct 27 2003 // The Administrative Director of the Division of Workers’ Compensation has approved updates to the California Workers’ Compensation Institute pamphlets and posting notices used by employers and insurers to meet...
Calif. Commissioner Meets with Gov.-Elect Schwarzenegger
Oct 24 2003 // Focusing the spotlight on solutions to California’s economic problems, State Insurance Commissioner John Garamendi urged Governor-elect Arnold Schwarzenegger to convene a special session of the legislature on...
Workers Compensation Fund Sues State of Utah
Oct 23 2003 // The Utah Workers Compensation Fund (WCF) announced that it has filed a lawsuit against the State of Utah over the ownership of the assets of WCF. This dispute has been long standing. WCF believes that the assets of the...
Mo. WC Tax Cut to Save Employers $12 Million
Oct 23 2003 // Missouri Gov. Bob Holden announced that the administrative tax on Missouri workers’ compensation insurance premiums will drop 50 percent in 2004, saving employers more than $12 million. The administrative tax will...
Calif. Commissioner Unveils Second Phase of Reform Plan
Oct 22 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Keenan & Associates Brings New WC Program to Calif. Schools
Oct 21 2003 // Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and community colleges...
Workers’ Comp
Oct 20 2003 // Nuts & Bolts: Combined Group also launched a new workers’ compensation program for qualifying Texas risks. Combined offers this new facility through its Web based QuoteExpress™ platform which allows agents...
Calif. Workers’ Comp Reforms Met with Hesitation
Oct 20 2003 // Calif. Gov. Gray Davis, with much fanfare and hoopla, signed this year’s workers’ comp reform package, citing estimates that the bills will wring more than $4 million in yearly costs from the California’s...
CWCI SEMINARS TO COVER RECENT WORKERS’ COMP REFORMS:
Oct 20 2003 // The California Workers’ Compensation Institute will hold a one-day seminar in November at three locations to help workers’ compensation professionals prepare for changes brought about by passage of SB 228 and...
Workers’ Comp
Oct 20 2003 // Nuts & Bolts: AmTrust North America is offering a workers’ compensation market. Dollars: Minimum premium of $500. No deductibles. Carrier: “A-” rated. Technology Insurance Co., Rochdale Insurance Co....
PIANY and NYIA Hold CEO/Agency Conference
Oct 10 2003 // The Professional Insurance Agents of New York State Inc.’s inaugural Hudson Valley Regional Awareness Program, gave industry experts a chance to take part in the eighth annual CEO/Agency conference, sponsored by the...
MedRisk Unveils CERTExpert
Oct 7 2003 // MedRisk, Inc., a provider of specialty managed care services to the workers’ compensation industry, has introduced CERTExpertSM, a pre-certification service for physical therapy. Designed to address the escalating...
