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Workers' Compensation News

Argonaut Buys HIH Rights 12/01/2000
State: Natl. | Segment: Top | 50 | 0
Argonaut Group, Inc. (Nasdaq: AGII) today announced in a press release that its principal subsidiary, Argonaut Insurance Company, has agreed to acquire the renewal rights and other tangible assets of the workers compensation business of HIH America Insurance Group ('HIH America') in the Southwes...Read More
Aetna Announces Alternative to SDI 11/29/2000
State: Natl. | Segment: Top | 46 | 0 | Popular with Legal
Aetna Inc. has announced the release of a self-insured alternative to the California's state disability program (SDI). Innovative Care Systems Inc. (ICS), a third-party administrator based in Torrance, Calif., will administer the voluntary short-term disability plan and it will be coordina...Read More
Alex Swedlow Named Exec. V.P. to CWCI 11/06/2000
State: Natl. | Segment: Top | 57 | 0 | Popular with Insurance
In a press release dated 11/2/00 the California Workers...Read More
AIG Posts 9.4% 3rd Qtr. Gain 10/27/2000
State: Natl. | Segment: Top | 75 | 0
American International Group Inc. (AIG) declared a 9.4% increase in third-quarter net income from 1999 based on domestic commercial insurance pricing and business. Net income, including net realized capital gains/losses, rose to $1.39 billion, or 60 cents a share, from $1.27 billion, or 5...Read More
Auditor: Quackenbush $28 Million Short 10/23/2000
State: Natl. | Segment: Top | 84 | 0
A recently released California State Auditor's report says that Former California Insurance Commissioner Chuck Quackenbush overstepped his authority by collecting $28.8 million from insurers without posting the money to the department's accounting records. The auditor's office reviewed Qu...Read More
AFG Raising Rates Again Amidst Increasing Losses 10/06/2000
State: Natl. | Segment: Top | 67 | 0
Rate-increase targets are being increased for the California workers' comp business of American Financial Group Inc. (AFG) according to a recent press release. The company said that poor results in part in its California workers' compensation business would cause third-quarter earnings to be lower t...Read More

Analyst Says Comp Leading P&C Rebound 09/18/2000
State: Natl. | Segment: Top | 98 | 0
According to Insurance Information Institute (III) Vice President and Chief Economist Robert Hartwig, Ph.D., property and casualty (P&C) financial results for the first half of 2000 show the early stages of a vigorous rebound. Workers...Read More
AB 1468 to Committee 08/12/2000
State: Natl. | Segment: Top | 92 | 0
AB 1468, which seeks to clarify and liberalize restrictions interpreted into last year's passage of AB 435 (regarding disclosure to employers of injured workers medical status in workers' compensation cases) went to committee on 8/9/00. You can read the full text of the proposed amendment to LC 3762...Read More
Argonaut Hit With $14 million Verdict 07/28/2000
State: Natl. | Segment: Top | 76 | 0
The Los Angeles Daily Journal has reported a $14,678,090 'bad faith' verdict against Argonaut Insurance Co. for the denial of a workers' compensation claim due to lack of coverage. Argonaut wrote a labor leasing policy for Builder's Staff. An employee of the lessee, Diamond Woodworks, suf...Read More
Acting DOI Commissioner Meetings 07/13/2000
State: Natl. | Segment: Top | 89 | 0
The DOI announced on 7/12/00 that Acting Insurance Commissioner Clark Kelso will be holding meetings with representatives from consumer and industry groups next week. Commissioner Kelso will meet with consumer group representatives on Wednesday, July 19, and with insurance industry repre...Read More
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