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
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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
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
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
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
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, 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
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
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