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Workers' Compensation News

AB 749 Moving Forward, Cost May be $3.5B 02/05/2002
State: Natl. | Segment: Top | 30 | 0
The current California work comp benefits increase bill, AB 749, is on the fast track to the Governor...Read More
AIA Leary of AB 749 Since Left Out of Negotiations 02/05/2002
State: Natl. | Segment: Top | 42 | 0
The American Insurance Association (AIA) issued the following statement on 2/1/02 responding to the proposal to raise workers' compensation benefits, AB 749: 'This deal was negotiated with labor and trial lawyers behind closed doors,' said Mark Webb, vice president for state affairs. 'Insurers ...Read More
Argonaut Improves Web Service with WebAudit 01/31/2002
State: Natl. | Segment: Top | 87 | 0
Argonaut Insurance Company has announced the latest of its web enabled products, WebAudit, to reduce the paperwork requirements of its policyholders. The product, a voluntary payroll reporting tool, is available to policyholders at and the Argo OnLine portal. The WebAudit p...Read More
ACE Increases Authorized Shares 01/25/2002
State: Natl. | Segment: Top | 35 | 0
ACE Limited (NYSE: ACE) announced that at its Extraordinary General Meeting Wednesday, the shareholders of the Company approved a proposal increasing the number of authorized Ordinary Shares of the Company by 200 million, resulting in a total of 500 million authorized Ordinary Shares. At the meet...Read More
AIG Seeks S. Carolina Rate Hikes 01/17/2002
State: Natl. | Segment: Top | 59 | 0
American International Group subsidiaries, AIU Insurance Co., American Home Assurance Co., Insurance Co. of Pennsylvania and National Union Fire Insurance Co. of Pittsburgh, have jointly filed for a 5.3 percent rate increase in workers' compensation premiums in South Carolina. The compani...Read More
AB 1109 Amended, Going to Committee 01/14/2002
State: Natl. | Segment: Top | 54 | 0
California proposed legislation, AB 1109, survived the legislative gutting in 2001 to be amended by its author, Assemblyman Maddox, on 1/09/02. The bill has been sent back to the Assembly Insurance Committee for debate. AB 1109 would amend Insurance Code section 11656.6 to expand the definition ...Read More
ACE & HartRe to Offer Comp Catastrophe Policies 12/27/2001
State: Natl. | Segment: Top | 67 | 0
ACE Tempest Re USA, Inc., a wholly-owned subsidiary of ACE INA Holdings, Inc., underwriting on behalf of ACE USA, today announced it has joined forces with The Hartford Financial Service Group's HartRe subsidiary to offer workers' compensation catastrophe coverage with $20 million in capacity. This ...Read More
Adelson, Testan & Brundo Adds 3 Partners 12/13/2001
State: Natl. | Segment: Top | 63 | 0 | Popular with Legal
The California workers...Read More
A.M. Best Affirms A+ St. Paul Rating 12/13/2001
State: Natl. | Segment: Top | 50 | 0
A.M. Best Co. has affirmed the A+ (Superior) financial strength rating of St. Paul Cos. (NYSE:SPC), St. Paul, Minn., property/casualty subsidiaries and lowered the company's long-term debt ratings. Senior debt has been lowered from 'a+' to 'a'; subordinated debt from 'a' to 'a-', and preferre...Read More
AIG, Chubb, Goldman Sachs Form Reinsurer 11/27/2001
State: Natl. | Segment: Top | 76 | 0 | Popular with Legal
American International Group Inc. (NYSE:AIG), Chubb Corp. (NYSE:CB) and GS Capital Partners 2000 (an investment fund managed by Goldman, Sachs & Co.), taking advantage of current market conditions and the anticipated hard reinsurance market, announced that they have entered the reinsurance field wit...Read More
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