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Workers' Compensation News

Allianz US Companies Downgraded by AM Best 09/23/2002
State: Natl. | Segment: Top | 95 | 0
On Friday A.M. Best Co. placed the financial strength ratings of Allianz AG's (Germany) U.S. property/casualty and life insurance subsidiaries under review with negative implications. [See listing of companies below.] Additionally, A.M. Best has changed the rating outlook on Allianz AG's financial s...Read More
Argonaut's Westover Gets Captive Insurance Award 09/20/2002
State: Natl. | Segment: Top | 48 | 0
Argonaut Group, Inc. (Nasdaq:AGII), a national underwriter of specialty insurance products in niche areas of the property-casualty market, announced today that Kate Westover, president of the company's captive services business unit, was awarded the 2002 Industry Service Award by the Vermont Captive...Read More
ACE USA Writing Self-Insured Excess Risk 09/19/2002
State: Natl. | Segment: Top | 52 | 0
ACE Risk Management (ARM), part of ACE USA, yesterday announced the creation of a new unit, ARM Excess Workers' Compensation. The ARM Excess Workers' Compensation unit offers risk managers and brokers the ability to customize workers' compensation programs to address today's changing marke...Read More
A.M. Best: P&C Industry Saw Big Net Income Gains 09/18/2002
State: Natl. | Segment: Top | 60 | 0
The property/casualty industry reported solid growth in premium volume and much improved underwriting results during the first half of 2002 compared with the same period in 2001, according to a new report released by A.M. Best Co. The results were fueled by robust price increases in each of...Read More
AAI Says NAIC Privacy Reg Amendment 09/18/2002
State: Natl. | Segment: Top | 51 | 0
The Alliance of American Insurers is expressing frustration with recent actions of the National Association of Insurance Commissioners (NAIC) Privacy Issues Working Group during that association's Fall National Meeting. "Over the objections of the Alliance and the rest of the property/casual...Read More
Aon Completes $1.45B Reinsurance Deal for SCIF 09/13/2002
State: Natl. | Segment: Top | 94 | 0
Aon Corporation announced today that its global reinsurance intermediary, Aon Re Worldwide, has completed a major excess of loss reinsurance program for the State Compensation Insurance Fund of California. The transaction reinsures all losses incurred from 1980 through 1998 up to a $1.450 billion li...Read More
Argonaut Announces Promotion of Barbara Bufkin 09/09/2002
State: Natl. | Segment: Top | 56 | 0
Argonaut Group, Inc. (Nasdaq:AGII) announced Friday that Barbara C. Bufkin has been named vice president of corporate business development. A 22-year veteran of the insurance industry, Bufkin will be responsible for developing growth strategies and initiatives, new business relationships, ceded rein...Read More
AIA Says NAIC Privacy Regs Impede Work Comp 09/06/2002
State: Natl. | Segment: Top | 53 | 0
The American Insurance Association (AIA) is calling on the National Association of Insurance Commissioners' (NAIC) Privacy Issues Working Group to withdraw a proposed amendment to its model privacy regulation. The proposed amendment would require insurers to provide privacy notices to work...Read More
AIR Announces Work Comp Terrorism Modeling 09/04/2002
State: Natl. | Segment: Top | 52 | 0
AIR Worldwide Corporation (AIR), a vendor of catastrophe modeling and weather risk management, yesterday announced the release of the AIR Terrorism Loss Estimation Model. The new catastrophe model, the first commercially available probabilistic model of its kind, can estimate the financial impact of...Read More
AMS Staff Leasing Ordered to Stop Work Comp 09/03/2002
State: Natl. | Segment: Top | 52 | 0
State Insurance Commissioner Mike Pickens announced on 8/26 that a Cease and Desist Order has been issued to AMS Staff Leasing, NA, Inc., which had been operating illegally in the State of Arkansas. AMS Staff Leasing, based in Dallas, Texas, and its president Charles D. Wood, Jr. had oper...Read More
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