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Workers' Compensation News


 
ACIC Agrees to Formal Affiliation with NAII 10/25/2002
State: Natl. | Segment: Top | 47 | 0
The membership of the Association of California Insurance Companies (ACIC) agreed to formally affiliate with the National Association of Independent Insurers (NAII). Under the affiliation agreement NAII assumes administrative and operational control of ACIC. "This relationship will be...Read More
 
 
AAI Likes Terror Bill; Work Comp to be Included 10/22/2002
State: Natl. | Segment: Top | 51 | 0
The Alliance of American Insurers yesterday issued a statement and applauded a tentative agreement by the White House and House and Senate leaders in support of a terrorism insurance bill. "We are anxious to see the final details in writing, but from what we understand, this is truly an ...Read More
 
 
AdvanTech Follows PEO Trend to White Collar 10/18/2002
State: Natl. | Segment: Top | 63 | 0
Tampa, Florida-based AdvanTech Solutions(SM), a Professional Employer Organization (PEO) in business since 1999, announced yesterday that the organization is repositioning itself as a Human Capital Management Company. The business model of the "old economy" PEO has historically been driven...Read More
 
 
Am Phys Gets Lower S&P Rating - Negative Outlook 10/15/2002
State: Natl. | Segment: Top | 100 | 0
Standard & Poor's Ratings Services said yesterdeay that it lowered its counterparty credit and financial strength ratings on American Physicians Assurance Corp. (APA) to single-'A'-minus from single-'A' because of significant losses in the past 12 months. Standard & Poor's also said that t...Read More
 
 
Argonaut Hires 8 Executives For Expansion 10/10/2002
State: Natl. | Segment: Top | 94 | 0
Argonaut Insurance Company (Argonaut), a member of the Argonaut Group, Inc. (NASDAQ:AGII), announced the hiring of eight veteran insurance executives over the past few months to play key roles in the company's growth. The expanded executive team is charged with the expansion and re-establishment of ...Read More
 
 
Argonaut to Sell Up to $150M in Stock 10/07/2002
State: Natl. | Segment: Top | 54 | 0
Argonaut Group Inc. (NASDAQ:AGII) Friday filed a Form S-3 registration statement to sell as much as $150 million of stock.The filing cites risk factors such as increased competition in its primary lines (workers' compensation) as more capital flows into the industry. Also, a tightening of t...Read More
 
 
Audit Shows "Vast Majority" Reported Late in MO 10/03/2002
State: Natl. | Segment: Top | 65 | 0
The "vast majority of injuries" experienced by workers in Missouri are reported late or not at all according to a recent audit of the state's work comp program from Missouri State Auditor Claire McCaskill. Employers/insurers are to report injuries to the state Workers' Compensation Divisi...Read More
 
 
AM Best Profit Report Misleading says AAI 09/30/2002
State: Natl. | Segment: Top | 46 | 0
The six-month profit increase earned by property/casualty insurers reported last week by A.M. Best Co. is a step in the right direction, but conditions in the industry aren't as rosy as such improved financials might lead many to think, according to one long-time industry expert. "Although ...Read More
 
 
Allianz US Companies Downgraded by AM Best 09/23/2002
State: Natl. | Segment: Top | 97 | 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 | 51 | 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
 
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