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Workers' Compensation News

AM Best E-Fusion Award Applications Sought 02/11/2003
State: Natl. | Segment: Top | 24 | 0
A.M. Best Co. is now accepting entries for the 2003 E-Fusion Award. The award is designed to highlight outstanding, resourceful uses of technology in the insurance industry. The final recipient will be announced at the 2003 E-Fusion insurance and technology conference, set for Sept. 28-3...Read More
AZ Court: Marriage Counseling Compensable 02/07/2003
State: Natl. | Segment: Top | 20 | 0
An Arizona Court of Appeals has ruled that a workers' comp insurer must pay for the marriage counseling a worker and his wife received after he suffered an on-the-job injury.In Mace vs. Industrial Commission of Arizona (2 CA-IC 2002-0010, 1/31/03), Mace sustained a compensable industrial inj...Read More
ACE Ltd Reports Strong Earnings, Positive Net 02/07/2003
State: Natl. | Segment: Top | 56 | 0
ACE Limited (NYSE:ACE - News) has reported net operating income of $511 million for the full year ended December 31, 2002 compared with a loss of $69 million last year, (including a loss of $559 million after tax related to the September 11, 2001 tragedy). Net operating earnings per share for 2002 w...Read More
Ace CEO: Stay Disciplined Underwriting Comp 02/07/2003
State: Natl. | Segment: Top | 30 | 0
Brian Dupperreault, Ace's chairman and chief executive, told Dow Jones Newswires that property/casualty insurance rates will continue the hard market pattern for the foreseeable future, especially in casualty lines such as directors and officer insurance and excess liability. Dupperreault also said ...Read More
AIA Calls Mold 'Catastrophic' to CA Work Comp 02/07/2003
State: Natl. | Segment: Top | 79 | 0
The American Insurance Association (AIA) testified before the California Assembly Insurance Committee Wednesday during an informational hearing on the rise in water damage claims. AIA called for caution in approaching the problems facing California's commercial insurance market and noted the impact ...Read More
Argonaut Will Delay 4Q Financials 02/05/2003
State: Natl. | Segment: Top | 32 | 0
Argonaut Group, Inc. (Nasdaq: AGII) announced yesterday it will delay the release of its fiscal fourth quarter and year end financial results in order to complete the Company's previously announced study of its reserves relating to asbestos and environmental liabilities. The Company also deferred co...Read More
A.M. Best Affirms AIG Ratings 02/05/2003
State: Natl. | Segment: Top | 30 | 0
A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) relating to the American International Group (AIG) (New York), which comprises the domestic commercial property/casualty companies. The rating affirmations follow a recent announcement by the group's parent, Ameri...Read More
AIG to Take $1.8B Reserve Increase for Comp, Other 02/05/2003
State: Natl. | Segment: Top | 30 | 0
American International Group, Inc. (AIG) announced yesterday that it will incur a net, after tax charge of $1.8 billion in the fourth quarter of 2002 related to an increase of general insurance net loss and loss adjustment reserves. This action follows the completion of AIG's annual year-end loss re...Read More
Administaff Updates Projections, SEC Inquiry 02/05/2003
State: Natl. | Segment: Top | 33 | 0
Administaff, Inc. (NYSE: ASF), a national Professional Employer Organization (PEO), yesterday updated a number of key metrics for the fourth quarter of 2002. These metrics reflect the successful execution of the company's plan to improve profitability initiated in mid-year 2002. The company also pro...Read More
Attorney Sentenced for Assisting Client in Fraud 02/04/2003
State: Natl. | Segment: Top | 26 | 0
A former Warrensville Heights law director was sentenced to 21 months in a federal prison for helping one of his clients commit workers' compensation fraud, the Ohio Bureau of Workers' Compensation (BWC) announced. Otha Jackson, who served as the city's law director from 2000 to October 200...Read More
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