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Workers' Compensation News


 
Brown & Brown Acquires Niagara Effective 1/1/04 01/05/2004
State: NY | Segment: Top | 115 | 0
Thomas E. Riley, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Theodore R. Sobolewski, Jr., Chief Executive Officer of Niagara Risk Management Associates, Inc. and Niagara Benefits Group, Inc., doing business as Niagara Insurance Group of Williamsville, New York, have ann...Read More
 
 
Best Affirms 'A-' Rating for Horace Mann; Outlook Stable 12/22/2003
State: NA | Segment: Top | 118 | 0
A.M. Best Co. has assigned indicative ratings of "bbb-" to unsecured senior debt, "bb+" to subordinated debt and "bb" to preferred stock to Horace Mann Educators Corporation's (Springfield, IL) [NYSE: HMN] recently filed $300 million universal shelf offering. At the same time, A.M. Best has ...Read More
 
 
Business Assoc & Union Join in Call for CA WC Reform 12/18/2003
State: CA | Segment: Top | 278 | 0
The Bay Area Chapter of the Sheet Metal & Air Conditioning Contractors' National Association (SMACNA) and the Sheet Metal Workers International Association (SMWIA) Local 104 are jointly urging Governor Schwarzenegger to make additional reductions in workers' compensation premiums, which have tripled...Read More
 
 
Best Rates New RLI Debt 'bbb+' for RLI; Outlook Positive 12/10/2003
State: NA | Segment: Top | 243 | 0
A.M. Best Co. has assigned a senior debt rating of "bbb+" to RLI Corp.'s (RLI) [NYSE: RLI] proposed issuance of $100 million of 5.95% 10 year senior unsecured notes due 2014. The outlook for the rating is positive. RLI is expected to contribute $50 million to its insurance subsidiaries by...Read More
 
 
Best Affirms 'A-' Ohio Casualty Rating;Outlook Stable 12/09/2003
State: NA | Segment: Top | 247 | 0
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the subsidiaries of Ohio Casualty Group (Cincinnati, OH). Concurrently, A.M. Best has affirmed the debt rating of "bbb-" of Ohio Casualty Corporation's [NASDAQ:OCAS] (Cincinnati OH) convertible notes issued on Marc...Read More
 
 
Best is Neutral to Sale of AtMut to OneBeacon 12/08/2003
State: NA | Segment: Top | 125 | 0
A.M. Best Co. has commented on the financial strength and debt ratings of the subsidiaries of White Mountains Insurance Group [NYSE: WTM] (Hamilton, Bermuda) and Atlantic Mutual Companies (New York, New York).The ratings remain unaffected following Friday's announcement that OneBeacon Insura...Read More
 
 
Best Affirms 'A-' Strength Rating for Royal & Sun plc 12/08/2003
State: NA | Segment: Top | 415 | 0
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of The Royal & Sun Alliance Insurance Group plc (R&SA) (United Kingdom) and its core subsidiaries. At the same time, A.M. Best has affirmed the "bbb" and the "bbb-" ratings of its subordinated debt...Read More
 
 
Barrett Business Service Agrees to Acquire SRT 12/05/2003
State: NA | Segment: Top | 502 | 0 | Popular with Legal
Barrett Business Services, Inc. (Nasdaq: BBSI) yesterday announced that it has reached an agreement in principle to acquire Skills Resource Training Center ("SRTC") headquartered in Pasco, Washington pursuant to an asset purchase agreement effective January 1, 2004. Consideration for th...Read More
 
 
Brown&Brown Acquires Energy/Marine Underwriters 12/02/2003
State: NA | Segment: Top | 142 | 0
C. Roy Bridges, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Geoffrey Hughes and Nancy D. Hughes, principals of Energy and Marine Underwriters, Inc., of Kenner (New Orleans), Louisiana, yesterday announced the asset acquisition of Energy and Marine Underwriters, Inc. by...Read More
 
 
BEV Enterprises Sells 21 Nursing Facilities to Heritage 12/02/2003
State: NA | Segment: Top | 97 | 0
Beverly Enterprises, Inc. (NYSE: BEV) yesteday announced the sale of 21 skilled nursing facilities in California, Washington and Arizona. The sale reflects Beverly's continuing commitment to strengthen its portfolio of skilled nursing facilities, significantly reduce its total projected patient care...Read More
 
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