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Workers' Compensation News


 
AB 1176 to Gov. Davis; Depends on SB 71 09/18/2001
State: Natl. | Segment: Top | 47 | 0
On September 14, just before adjourning its session for the year, the CA Assembly sent to Governor Davis AB 1176 (Calderon, D-Montebello), a companion bill to SB 71 on Saturday. Calderon's bill is in response to the governor's comments that any workers' compensation bill that he signs needs to b...Read More
 
 
A Call to Arms for our Industry 09/14/2001
State: Natl. | Segment: Top | 62 | 0
This week has been a tragic and difficult time for everyone. As we come out of our shock and grieving though, we have a tremendous opportunity to show America what we, as workers' compensation professionals, are made of. There have certainly been many disasters before this one of great m...Read More
 
 
AIG Emergency Reponse Numbers 09/12/2001
State: Natl. | Segment: Top | 37 | 0
Though insurance giant American International Group did not release a press release relative to the tragedies of September 11, 2001, we know the company has many insureds in the affected regions.Here are the claims reporting contact information points:On the web at: ...Read More
 
 
Assembly Passes SB 71 With Amendments 09/06/2001
State: Natl. | Segment: Top | 43 | 0
SB 71, the current pending California workers' compensation "reform" bill to boost benefits and implement offsetting cost savings measures, was amended 9/4/01, and passed out of the Assembly on 9/5/01. It now returns to the Senate relative to this "unfinished business".The following are the chang...Read More
 
 
Argonaut Completes Purchase of Front Royal 08/24/2001
State: Natl. | Segment: Top | 36 | 0
Argonaut Group, Inc. (Nasdaq:AGII) announced yesterday that it has completed the previously announced acquisition of Front Royal, Inc., an insurance holding company headquartered in Morrisville, North Carolina for $165 million in cash. Front Royal operates specialty niche insurance underwriters...Read More
 
 
AFG Credits CA Comp for Improved Earning 08/03/2001
State: Natl. | Segment: Top | 56 | 0
American Financial Group, Inc. (NYSE: AFG) has reported net earnings from its insurance businesses of $23.9 million ($.35 per share) for the second quarter of 2001. The underwriting results of the property and casualty insurance ('P&C') operations were on par with the 2001 first quarter and improved...Read More
 
 
Audit Blasts DOI; $2 Billion Mismanaged 08/01/2001
State: Natl. | Segment: Top | 34 | 0
The Los Angeles Times reported today that auditor Elaine Howle, requested by Department of Insurance (DOI) Commissioner, Harry Lowe, said that the DOI improperly managed nearly $2 billion in assets seized from financially troubled carriers. Howle's report says that the DOI often hired contractor...Read More
 
 
Argonaut Announces Net Profit 07/28/2001
State: Natl. | Segment: Top | 33 | 0
Argonaut Group, Inc. (NASDAQ: AGII) has announced consolidated net income of $1.9 million ($0.09 per diluted common share) on total revenue of $55.7 million for the second quarter of 2001, compared with $5.6 million ($0.26 per diluted common share) on total revenue of $59.5 million for the same quar...Read More
 
 
Audit Report Available 07/18/2001
State: Natl. | Segment: Top | 42 | 0 | Popular with Medical
The Department of Industrial Relations issued its year 2000 audit report in electronic format yesterday. Dated April 2001, the report covers 54 audits and 10 investigations. 8,921 claim files were reviewed, 3,591 of which were indemnity claims, 2,968 were medical only, and 2,041 were injury denied c...Read More
 
 
Asbestos Claims Challenge Insurers 07/06/2001
State: Natl. | Segment: Top | 39 | 0
Asbestos litigation is again moving to the forefront of insurance challenges according to recent studies issued by consulting firm Tillinghast-Towers Perrin as well as A.M. Best. The Tillinghast-Towers Perrin report concludes that asbestos-related claims for individuals will ultimately top $200...Read More
 
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