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Workers' Compensation News


 
Attorney General Raid on DOI 07/06/2000
State: Natl. | Segment: Top | 90 | 0
The WorkComp Executive reported that California State Attorney General's office personnel raided the Department of Insurance on Friday, 6/30/00, and took custody of numerous documents purportedly related to the foundations that were created by Mr. Quackenbush in the...Read More
 
 
Appellate Court Clarifies PTP Election 05/26/2000
State: Natl. | Segment: Top | 91 | 0 | Popular with Legal
The Second Appellate District, Division Three, has issued a ruling declaring that where an injured employee has been released from care by the primary treating physician with a need for future medical care, the employee MUST go through 4061/4062 procedures BEFORE changing primary treating physicians...Read More
 
 
American Re Losses 05/18/2000
State: Natl. | Segment: Top | 93 | 0
American Reinsurance Corp. (American Re) reported a net loss of $58.9 million for the first quarter, compared with $57 million in earnings for the year-earlier quarter. The latest results reflect substantially higher losses from underwriting, natural catastrophes, and risk insurance/reinsurance cont...Read More
 
 
AIG Shareholders Riot 05/18/2000
State: Natl. | Segment: Top | 102 | 0
From IMMS 5/18/00: Dissident shareholders of American International Group (AIG) are expected to seek a more independent board of directors and to oppose the dominance of Chairman and CEO Maurice 'Hank' Greenberg at the company's annual meeting this week. However, according to The New York T...Read More
 
 
Argonaut Losses 05/05/2000
State: Natl. | Segment: Top | 96 | 0
From the WorkComp Executive: 'Argonaut Insurance Group Inc., always an early reporter of its earnings, may just be an indicator of how much worse workers' comp carriers will fare this year as prior year's pricing continues wreaking havoc. The company lost...Read More
 
 
Anaheim Board Targeted by Bomber 05/03/2000
State: Natl. | Segment: Top | 91 | 0
The WorkComp Executive reported that the Anaheim Appeals Board venue was the target of a bomber on 5/2/00. Police arrested Jesus Lozano Rodriguez, 51, La Habra, after being called to the scene by a local business owner concerned when he noticed that Rodrig...Read More
 
 
Argonaut Credit Beating 02/23/2000
State: Natl. | Segment: Top | 93 | 0
Reported by the Work Comp Executive 02/23/00: Argonaut Group of Los Angeles suffered a credit rating downgrade after announcing in January, 2000 that it had posted a $15 million loss for 1999 and added nearly $32 million in reserves....Read More
 
 
A.G. Opinion on Prop 30 and 31 02/17/2000
State: Natl. | Segment: Top | 84 | 0
Wednesday, February 16, 2000 Fryer IR#00-02 (415) 703-5050 Internet: http://www.dir.ca.gov Attorney General Issues Opinion at DIR'S Request San Francisco-The Attorney General's Office has ruled on a question presented to them by the Department of Industrial Relation...Read More
 
 
American Financial, Sun Life and Unicover Scandal 02/01/2000
State: Natl. | Segment: Top | 134 | 0 | Popular with Legal
American Financial Group Inc. will commute its Workers Compensation reinsurance contracts with Reliance Group Holdings to settle disputes over the book managed by Unicover Managers Inc. (now known as Cragwood Managers LLC). The settlement, combined with other factors, should reduce American Financia...Read More
 
 
Aon Settles Reinsurance Mess 01/11/2000
State: Natl. | Segment: Top | 87 | 0
The Wall Street Journal reported on Tuesday, 1/11/00. that Aon Corp, one of the world's largest insurance brokerages, would post a $125 million charge for the fourth quarter to help settle the Unicover reinsurance debacle. Aon's participation in the reinsurance issue involved payments make for brin...Read More
 
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