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Workers' Compensation News

Am Growers Best Rating Lowered to 'E' 11/26/2002
State: Natl. | Segment: Top | 57 | 0
A.M. Best Co. has downgraded the financial strength rating of Acceptance Insurance Companies Inc.'s [NYSE: AIF] crop subsidiary, American Growers Insurance Company (Lincoln, NE) to E (Under Regulatory Supervision) from C- (Weak). Unaffected by this rating action is the C- (Weak) rating o...Read More
Acceptance / Rain and Hail Deal Off 11/26/2002
State: Natl. | Segment: Top | 38 | 0
Acceptance Insurance Companies Inc. said yesterday that Rain and Hail, L.L.C and others had discontinued pursuit of the proposed asset purchase transaction announced November 18, 2002. Rain and Hail, L.L.C. explained it took that action because "RMA (the USDA Risk Management Agency) will not allow t...Read More
Another Terror Risk Model: AIR 11/22/2002
State: Natl. | Segment: Top | 31 | 0
With the Senate's passage of the Terrorism Risk Insurance Act of 2002, all commercial property and casualty insurers are required to cover losses due to international terrorist activity within the United States. For the first time, insurers are being forced to make difficult pricing decisions regard...Read More
AJ Gallagher Dividend; New Director Named 11/22/2002
State: Natl. | Segment: Top | 40 | 0
Arthur J. Gallagher & Co. (NYSE: AJG) yesterday declared a regular quarterly cash dividend of fifteen cents ($.15) per share on the Common Stock of the Company, payable on January 15, 2003 to Shareholders of Record as of December 31, 2002. In a separate news release, the Board of Direc...Read More
Accident Fund's New Name re National Expansion 11/22/2002
State: Natl. | Segment: Top | 72 | 0
To reflect the company's national expansion efforts, which began in 2000, Accident Fund Company announces its new name and corporate logo. On Nov. 18, 2002, Accident Fund Company became Accident Fund Insurance Company of America. Accident Fund Insurance Company of America is the leading pro...Read More
AIA Appoints New VP for Northeast Region 11/19/2002
State: Natl. | Segment: Top | 44 | 0
The American Insurance Association today announced the appointment of Paul Moran to the position of regional vice president, northeast region. Moran will manage the seven-state region which includes New York and the New England states. He will oversee all state government affairs issues in ...Read More
AIA Comments on Terror Bill Passage 11/18/2002
State: Natl. | Segment: Top | 35 | 0
Robert E. Vagley, President of The American Insurance Association, on Friday issued the following statement regarding the House passage of the Federal Terrorism Insurance Backstop legislation: "We applaud the members of the U.S. House of Representatives for their unanimous voice vot...Read More
AON Re Completes Earthquake, Terror Models 11/18/2002
State: Natl. | Segment: Top | 36 | 0
Aon Corporation's (NYSE:AOC) subsidiary, Aon Re Inc., announced Friday that its catastrophe modeling affiliate Impact Forecasting has completed development of its workers' compensation catastrophe model for all significant U.S. earthquake regions. The detail model that utilizes worksite level data p...Read More
Aries Ordered Liquidated 11/18/2002
State: Natl. | Segment: Top | 70 | 0
Florida Treasurer and Insurance Commissioner Tom Gallagher announced Friday that a judge has ordered Aries Insurance Company into liquidation, meaning thousands of policyholders will have their outstanding claims paid in the coming weeks. "Aries' policyholders have suffered long enough,"...Read More
At. American Reports Lowered 3Q Net 11/15/2002
State: Natl. | Segment: Top | 36 | 0
Atlantic American Corporation (Nasdaq: AAME) yesterday reported net income of $1.0 million, or $0.03 per diluted share, for the third quarter ended September 30, 2002 compared to net income of $2.1 million, or $0.08 per diluted share, for the third quarter ended September 30, 2001. The Compa...Read More
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