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Workers' Compensation News

Hartford Gets URAC Accreditation 11/02/2000
State: Natl. | Segment: Top | 71 | 0
In a press release today The Hartford Financial Services Group, Inc. (NYSE: HIG) announced that it's Aurora, Ill., center has received the Workers' Compensation Utilization Management Standards Accreditation from American Accreditation HealthCare Commission/URAC, a non-profit standards organization....Read More
HIH America Leaves US Business 10/31/2000
State: Natl. | Segment: Top | 68 | 0
HIH America Compensation & Liability Insurance Co. announced the cessation of business in the United States today, reports the WorkComp Executive. A part of a larger consolidation taking place at its Australian parent, HIH Insurance Ltd., the renewal rig...Read More
HealthPlan Sells Comp Unit 09/17/2000
State: Natl. | Segment: Top | 131 | 0
According to A.M. Best, HealthPlan Services Corp. sold its Ohio workers' compensation managed-care organization to Cincinnati-based Sheakley UniComp Inc. for about $3.7 million in cash. HealthPlan anticipates a pretax gain of $3.5 million in the third quarter due to the sale. ...Read More

Hartford Completes Reliance Transaction 09/15/2000
State: Natl. | Segment: Top | 113 | 0
From IMMS:Hartford Financial Services Group Inc. (The Hartford) has completed its acquisition of Reliance Group Holdings Inc.'s financial products business and Excess and Surplus Lines book for an undisclosed sum anticipating the purchase to generate $250 million per year in gross revenues....Read More
Health Care Workers Most at Risk 05/20/2000
State: Natl. | Segment: Top | 185 | 0
According to a new Workers' Compensation Board (WCB) report from British Columbia, the health care industry has been identified as the highest risk sector for occupational illnesses and injuries. The report deals only with data from 1994 to 1998. However the authors believe that the tren...Read More
Humana Out of Comp 02/07/2000
State: Natl. | Segment: Top | 201 | 0
IMMS 02/07/00: Humana Inc.'s announcement that it will sell its Workers Compensation Services (WCS) unit through a management buyout effectively removes it from the Workers Comp field. The company did not disclose terms of the transaction. The sale is the company's second divestiture of a...Read More
Humana Sells WC Division 01/17/2000
State: Natl. | Segment: Top | 148 | 0
IMMS 1/17/00:Humana, Inc. will receive $125 million in cash for its PCA Property & Casualty Insurance Co. Workers Compensation subsidiary from the Folksamerica Holding Co. unit of White Mountains Insurance Group Ltd. The sale will help Human focus on its core managed health-care business....Read More
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