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Workers' Compensation News

BTE Technologies Acquires Hanoun Medical UK Ltd 03/25/2004
State: NA | Segment: Top | 312 | 0
BTE Technologies, Inc. announced yesterday that it has acquired a controlling interest in Hanoun Medical (UK) Limited from United Kingdom-based Managed Medical Care Limited (MMC). Hanoun Medical (UK) Ltd. works with employers throughout the UK to create and implement customized programs that...Read More
Best Rates Recent Platinum Financial Filings 03/25/2004
State: NA | Segment: Top | 197 | 0
A.M. Best Co. has assigned indicative ratings of "bbb+" senior debt, "bbb" subordinated debt and "bbb-" preferred stock to Platinum Underwriters Holdings, Ltd.'s (Platinum) [NYSE:PTP] (Bermuda) recently filed $750 million universal shelf offering. A.M. Best has also affirmed the "bbb+" ratin...Read More
Best Releases Insurance Industry Financial Data 03/22/2004
State: NA | Segment: Top | 220 | 0
A.M. Best Co. shipped the initial release of Best's Statement File, Property/Casualty and Life/Health editions on March 18 and 19, respectively, the earliest release of insurance industry financial data. Each database presents five years of financial statement data for property/casualty or l...Read More
Best & Fitch Affirm Cincinatti Financial Ratings 03/19/2004
State: NA | Segment: Top | 183 | 0
Cincinnati Financial Corporation (Nasdaq: CINF) announced that A.M. Best Co. and Fitch Ratings this week affirmed the insurance subsidiaries' financial strength ratings. Both independent ratings authorities listed stable rating outlooks. -- A.M. Best Co. affirmed its highest A++ (Su...Read More
Brown & Brown Unanimously Elect Hugh M. Brown to Board 03/19/2004
State: NA | Segment: Top | 147 | 0
Brown & Brown, Inc. (NYSE: BRO), announces the election, by unanimous vote of the Board, of Hugh M. Brown, Founder, and President and Chief Executive Officer (Retired), of BAMSI, Inc., of Titusville, Florida, to Brown & Brown, Inc.'s Board of Directors, effective March 15, 2004. Comm...Read More
Best Rates Liberty Mutual's New Debt 'bbb' 03/16/2004
State: NA | Segment: Top | 129 | 0 | Popular with Legal
A.M. Best Co. has assigned a prospective debt rating of "bbb" to Liberty Mutual Group, Inc.'s (LMGI) (Boston, MA) $500 million (with a higher amount possible) 144a senior unsecured notes. The senior notes are expected to be issued in 10-year and 30-year tranches, with the size and interest rate of e...Read More
Beech Street Claims Clients Saved $1.5B Last Year 03/16/2004
State: NA | Segment: Top | 250 | 0
Beech Street Corporation announced yesterday significant increases in both network growth and savings in 2003. Beech Street clients saved over $1.5 billion in 2003. The significant savings stem from the growth of the network to over 380,000 physicians and 3,500 hospitals coupled wi...Read More
Broadspire Buys Cunningham Lindsey, RSKCo TPAs 03/11/2004
State: NA | Segment: Top | 546 | 0 | Popular with Legal
Broadspire Services Inc., a Platinum Equity company, has signed a definitive agreement to acquire the United States third party claims administration (TPA) business of Cunningham Lindsey Claims Management, Inc. (CMI), and RSKCo Services, Inc., from its parent company, Lindsey Morden Group Inc....Read More
Business Lobby Confident of Qualifying Ballot Initiative 03/08/2004
State: CA | Segment: Top | 302 | 0
Citing recent polls that demonstrate stronger than average voter support for reforming the state's broken workers' compensation system, the Committee for Workers' Compensation Reform and Accountability (CWCRA) Friday announced that they have received, from the Attorney General's office, the official...Read More
Best Rates NYMAGIC's $100M Stock Offering 'bbb' 03/08/2004
State: NA | Segment: Top | 85 | 0
A.M. Best Co. has assigned an indicative debt rating of "bbb" to NYMAGIC, INC.'s [NYSE: NYM] (New York, NY) planned $100 million 6.5% senior unsecured note offering due 2014. The outlook for the rating is stable. The proceeds from the offering will be used for working capital purposes, ot...Read More
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