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Workers' Compensation News

Alaskan PT Gets Occupational Safety Award 12/03/2002
State: Natl. | Segment: Top | 71 | 0
Alaskan Physical Therapy Inc. is the sixth company to be recognized by the Alaska Occupational Safety and Health (AK OSH) Safety and Health Achievement Recognition Program (SHARP). The award ceremony took place November 26 at the company site in Soldotna. Cliff Hustead, Assistant Chief of Consultati...Read More
Australian Couple Plead Guilty to $100K Fraud 12/03/2002
State: Natl. | Segment: Top | 41 | 0
A couple from Dubbo, Australia, pleaded guilty last week to defrauding various Australian governmental entities, including workers' compensation, of almost $100,000. Donald Sidney Kelly, 65, and his wife Joyce Anne Kelly, 60, were both charged earlier this year with one count of defraudin...Read More
Accident Fund's New EX VP is an Actuary 12/03/2002
State: Natl. | Segment: Top | 29 | 0
Several words come to mind when describing Accident Fund's new Executive Vice President and Chief Business Development Officer: bright, energetic, tenacious, creative -- a visionary, an actuary. An actuary? In fact, Liz Wiesner's 16-year career in the insurance industry began as an actuary ...Read More
AL: Struck by Lightning is Not Extraordinary Risk 12/02/2002
State: Natl. | Segment: Top | 54 | 0
An Alabama worker was struck by lighting, and was granted workers' compensation benefits, but was denied on appeal. Now his case is set for appellate reconsideration, and most likely the state's Supreme Court.Richard Byrom, 33, was a manager of Skill Lube in Madison when he was talking on t...Read More
Agents Say Terror Bill Will Strengthen Economy 11/27/2002
State: Natl. | Segment: Top | 44 | 0
The National Association of Professional Insurance Agents (PIA National) today praised President Bush for his leadership in securing a terrorism insurance backstop bill. Bush signed the Terrorism Risk Protection Act of 2002 this morning. "President Bush's steadfast leadership on this impor...Read More
Alliance Says Terror Bill Will Stabilize Markets 11/27/2002
State: Natl. | Segment: Top | 36 | 0
Alliance of American Insurers President Rodger S. Lawson, Ph.D., in attendance at the Nov. 26 White House signing ceremony for the Terrorism Risk Protection Act, HR 3210, said the new law is "crucial to insurance market stabilization in the aftermath of Sept. 11, 2001." "This legislation is ...Read More
AIA Says Terror Bill Provides Financial Security 11/27/2002
State: Natl. | Segment: Top | 29 | 0
The American Insurance Association today praised President George W. Bush for his critical role in shaping the Terrorism Risk Insurance Act of 2002, which became law today after the President's signature. "Members of Congress from both sides of the political aisle worked hard in support of ...Read More
Am Growers Best Rating Lowered to 'E' 11/26/2002
State: Natl. | Segment: Top | 46 | 0
A.M. Best Co. has downgraded the financial strength rating of Acceptance Insurance Companies Inc.'s [NYSE: AIF] crop subsidiary, American Growers Insurance Company (Lincoln, NE) to E (Under Regulatory Supervision) from C- (Weak). Unaffected by this rating action is the C- (Weak) rating o...Read More
Acceptance / Rain and Hail Deal Off 11/26/2002
State: Natl. | Segment: Top | 30 | 0
Acceptance Insurance Companies Inc. said yesterday that Rain and Hail, L.L.C and others had discontinued pursuit of the proposed asset purchase transaction announced November 18, 2002. Rain and Hail, L.L.C. explained it took that action because "RMA (the USDA Risk Management Agency) will not allow t...Read More
Another Terror Risk Model: AIR 11/22/2002
State: Natl. | Segment: Top | 26 | 0
With the Senate's passage of the Terrorism Risk Insurance Act of 2002, all commercial property and casualty insurers are required to cover losses due to international terrorist activity within the United States. For the first time, insurers are being forced to make difficult pricing decisions regard...Read More
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