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Workers' Compensation News

Boxer Defending Malpractice Suit 12/16/2002
State: Natl. | Segment: Top | 70 | 0
The Oakland Tribune reported Friday that the lawyer husband of Sen. Barbara Boxer testified in an Oakland courtroom Thursday to refute charges that he and a colleague committed malpractice in the settlement of a work comp case for a building inspector who fell on the job while examining a home rebui...Read More
Burton Launches Tenet Investigation on Comp Bills 12/13/2002
State: Natl. | Segment: Top | 79 | 0
California State Senate President Pro Tempore John Burton, D-San Francisco, asked the Senate Labor and Industrial Relations Committee on Wednesday to investigate allegations by a nurses' union th...Read More
Bridium Buys Work Comp Unit of Fair Isaac 12/09/2002
State: Natl. | Segment: Top | 153 | 0
Bridium, a software provider of solutions to the insurance industry, announced Friday that it has acquired the workers' compensation Connectivity Business Unit of Fair, Isaac and Company, Incorporated. The transaction brings Bridium numerous new customers and enables Bridium to provide a c...Read More
Best Gives SAFECO Prop/Casualty an 'A' 12/05/2002
State: Natl. | Segment: Top | 52 | 0
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of SAFECO Corporation's (Seattle) [NASDAQ: SAFC] property/casualty and life/health insurance subsidiaries. A.M. Best has also affirmed the "bbb+" and "bbb" ratings on SAFECO's existing senior debt and capital securities, resp...Read More
Barrette Named Pres, CEO of White Mountains 11/22/2002
State: Natl. | Segment: Top | 84 | 0
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Ray Barrette has been named President and Chief Executive Officer of White Mountains effective January 1, 2003. Barrette joined the Company as CFO in 1997 and was promoted to President in 1999. On June 1, 2001, Barrette res...Read More
Best Puts Employers re Under Review, Negative 11/22/2002
State: Natl. | Segment: Top | 131 | 0
A.M. Best Co. has placed the A+ (Superior) financial strength ratings of Employers Reinsurance Corporation (ERC) (Overland Park, KS) and its affiliated domestic and international non-life and life reinsurance companies, cumulatively comprising the GE Global Insurance Group (GE Global), under review ...Read More
Builders Insurance Expands to General Liability 11/15/2002
State: Natl. | Segment: Top | 107 | 0
Builders Insurance Group announced yesterday that effective immediately, Builders Insurance (A Mutual Captive Company) will begin writing general liability coverage for residential general contractors (RGCs). This product introduction is in response to the decreasing availability of general liabilit...Read More
Berkshire Hathaway Interested in Employers Re 11/12/2002
State: Natl. | Segment: Top | 68 | 0
Bloomberg News reports that Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRKa) , whose General Reinsurance Corp. is the biggest reinsurer in the United States, may be planning a bid for Employers Reinsurance Corp., a unit of General Electric (NYSE:GE) Employers Re is the second-largest U.S. reins...Read More
Best Changes Phoenix Indemnity to Positive 11/11/2002
State: Natl. | Segment: Top | 77 | 0
A.M. Best Co. has placed the financial strength rating of D (Poor) of Phoenix Indemnity Insurance Company (Phoenix) under review with positive implications. The current rating outlook is negative. This rating action follows the recent announcement that Phoenix's ownership is in the proces...Read More
Best Gives Platinum Underwriters an 'A' Rating 11/07/2002
State: Natl. | Segment: Top | 130 | 0
A.M. Best Co. has assigned an initial financial strength rating of A (Excellent) to the reinsurance subsidiaries of the newly formed Platinum Underwriters Holdings Ltd. (Platinum) [NYSE:PTP] (Bermuda) and assigned an initial rating of "bbb+" to the equity security units included with this initial pu...Read More
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