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Workers' Compensation News


 
Austrailian Government Sued Re HIH Failure 11/14/2002
State: Natl. | Segment: Top | 29 | 0
The liquidator of HIH Insurance Group filed a multibillion-dollar lawsuit Monday against the Australian government the official insurance watchdog group on grounds that their negligence had a direct causal connection to the largest corporate bankruptcy in Australian history. Tony McGrath, ...Read More
 
 
Allianz Expected to Post Record Loss 11/13/2002
State: Natl. | Segment: Top | 43 | 0
Financial Times reported quickly yesterday that Allianz, the German financial services provider and insurance conglomerate, is expected to post its worst-ever quarterly results on Thursday. According to the report, analysts are saying that the company's after tax loss will be up to 2 billion...Read More
 
 
Argentina Businesses Defaulting to Fund 11/13/2002
State: Natl. | Segment: Top | 38 | 0
Argentina is experiencing its own workers' compensation problems with businesses owing the government's work comp fund about US $159 million. Seeking to clean up the fund's finances, the government of Argentina's Superintendencia de Riesgos de Trabajo issued a decree last week halting all pe...Read More
 
 
Applebee's Forms Captive for Work Comp 11/13/2002
State: Natl. | Segment: Top | 44 | 0
Restaurant chain Applebee's International Inc. (Nasdaq: APPB) has formed a captive insurance company domiciled in Vermont to provide the company and its franchisees with workers' compensation and general liability insurance. The new company is called Neighborhood Insurance Inc. It will rec...Read More
 
 
AP Capital Provides Additional 3Q for Analysts 11/13/2002
State: Natl. | Segment: Top | 35 | 0
American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) is providing the following supplemental information as requested by analysts and investors during the Company's third quarter 2002 conference call that was hosted on November 8, 2002 at 10:00 a.m. EST: (In thousands)---------...Read More
 
 
Alexsis Claims Super Arrested on $400K Theft 11/11/2002
State: Natl. | Segment: Top | 88 | 0
The Los Angeles Times on 10/17/02 in the Inland Empire edition reported that an former Alexsis Risk Management claims supervisor, based out of the West Covina office, was arrested recently for embezzling over $...Read More
 
 
Auto Fraud Results in Comp Fraud Charges 11/08/2002
State: Natl. | Segment: Top | 40 | 0
The Special Investigations Unit (SIU) of the North Dakota Workers Compensation (NDWC), in cooperation with the Motor Vehicle Division of the North Dakota Department of Transportation (DOT) led an investigation which brought charges against Minot resident Brent Strand. NDWC investigators received ...Read More
 
 
ACUITY Gets S&P 'A minus' Strength Rating 11/08/2002
State: Natl. | Segment: Top | 88 | 0
Standard & Poor's Ratings Services said yesterday that it assigned its single-'A'-minus counterparty credit and financial strength ratings to ACUITY, A Mutual Insurance Co. based on the company's historically strong underwriting performance and very strong capitalization. These strengths a...Read More
 
 
AP Capital Narrows 3Q Loss - Looks to 03 Profit 11/08/2002
State: Natl. | Segment: Top | 40 | 0
American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) yesterday reported a net loss of ($1.9) million, or ($.21) per diluted share for the third quarter of 2002, compared to a net loss of ($35.8) million, or ($3.26) per diluted share for the third quarter of 2001. Net operating loss was ($.19...Read More
 
 
Argonaut Subsidiaries Get S&P -'A' Rating 11/07/2002
State: Natl. | Segment: Top | 42 | 0
Standard & Poor's Ratings Services said yesterday that it assigned its single-'A' counterparty credit and financial strength ratings to the members of the Colony Intercompany Pool and to Argonaut Great Central Insurance Co. Standard & Poor's also said that it affirmed its single-'A' counte...Read More
 
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