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Workers' Compensation News

AB 749 is Law 02/18/2002
State: Natl. | Segment: Top | 26 | 0
AB 749 was signed into law by CA Governor Gray Davis. His press release follows: 'Workers injured on the job deserve fair compensation,' Governor Davis said. 'Employers who create jobs deserve to be free of unreasonable burdens. For too long, this has been an either / or proposition. I believed ...Read More
AFG Doubles Net Earnings From Last Year 02/14/2002
State: Natl. | Segment: Top | 26 | 0
American Financial Group, Inc. (NYSE: AFG) yesterday reported net earnings from insurance businesses of $32.1 million ($.47 per share) for the fourth quarter of 2001, exceeding analysts' consensus estimates. These operating results were approximately double the 2000 fourth quarter results of $14.3 m...Read More
AB 749 May be Law Today 02/14/2002
State: Natl. | Segment: Top | 27 | 0
Sources who spoke on condition of anonymity have advised that Davis Administration officials and DWC officials are meeting with the Governor today to present financial estimates on the impact of AB 749, and that the Governor is expected to sign the benefits reform package into la...Read More
ACE Reports Lowered 4Q and Y '01 Net 02/13/2002
State: Natl. | Segment: Top | 19 | 0
ACE Limited (NYSE:ACE) reported income excluding net realized gains (losses) of $41.9 million for the quarter ended December 31, 2001 compared with $164.3 million for the same quarter in 2000 and earnings per share excluding net realized gains (losses), after deducting preferred dividends, of $0.14 ...Read More
AIG 4Q Earnings Up 02/08/2002
State: Natl. | Segment: Top | 29 | 0
American International Group, Inc. (AIG) today reported that its fourth quarter 2001 net income was $1.87 billion, compared to $1.80 billion in the fourth quarter of 2000. Core income increased 10.3 percent to $1.98 billion or $0.75 per share, compared to $1.79 billion or $0.68 per share in the...Read More
Argonaut Posts Net Profit for 2001 02/06/2002
State: Natl. | Segment: Top | 31 | 0
Argonaut Group, Inc. (Nasdaq:AGII) yesterday announced its results for the quarter and year ended December 31, 2001, posting a net profit for the year and reporting increased operating revenues and reductions in operating expenses. The Company reported a consolidated net loss of $591,000 ($.03 per d...Read More
AB 749 Moving Forward, Cost May be $3.5B 02/05/2002
State: Natl. | Segment: Top | 22 | 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 | 30 | 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 | 57 | 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 | 21 | 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
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