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Workers' Compensation News

Best Rates Citigroup Carriers 'A++' 04/26/2004
State: NA | Segment: Top | 204 | 0
A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of the core insurance subsidiaries of Citigroup, Inc. The insurance companies in the group include The Travelers Insurance Company (TIC), Travelers Life and Annuity Company (TLAC), Primerica Life Insurance Compan...Read More
Banks Sued for Charging Paycheck Cashing Fees 04/23/2004
State: CA | Segment: Top | 204 | 0 | Popular with Insurance
Though not about workers' compensation, the editors felt the following story would be of interest to our readers:A class action lawsuit has been filed against Bank of America for charging employees of business payroll account holders fees to cash their paychecks, affecting tens of thousands ...Read More
Brown & Brown Declares Quarterly Dividend 04/23/2004
State: NA | Segment: Top | 75 | 0
Brown & Brown, Inc. Thursday announced that the Board of Directors has declared a regular quarterly cash dividend of $.07 per share. The dividend is payable on May 20, 2004, to shareholders of record on May 6, 2004. For more information, the web address is ...Read More
Boston Man Pleads Guilty to Cheating on $131K in Premium 04/23/2004
State: MA | Segment: Top | 130 | 0
An Abington man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers' compensation insurance premiums, Attorney General Tom Reilly announced Thursday. Patrick J. O'Shaughnessy, 61, of Abington pleaded guilty yesterday to ...Read More
Brown & Brown Fined $250K, Violating TX WC Rules 04/21/2004
State: TX | Segment: Top | 116 | 0
The Texas Department of Insurance (TDI) recently imposed a $250,000 fine against a Houston insurance agency that marketed and sold workers' compensation insurance policies in violation of state insurance rules. The disciplinary action was filed against Brown & Brown Insurance Services of Texas, Inc....Read More
Best Affirms PartnerRe Group's 'A+' Rating 04/21/2004
State: NA | Segment: Top | 99 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ of PartnerRe Group and its affiliated companies. Concurrently, A.M. Best has assigned debt ratings of "a-" senior debt, "bbb+" subordinated debt and "bbb" preferred stock to the shelf registration of PartnerRe Ltd. and Partner...Read More
Brown & Brown Will Webcast Shareholders Mtg 4/22 04/16/2004
State: NA | Segment: Top | 84 | 0
Brown & Brown, Inc. (NYSE: BRO) is pleased to announce that it will webcast its 2004 Annual Shareholders Meeting. Investors and all other interested parties are invited to listen to the live webcast, to be held on Thursday, April 22, 2004 at 9:00 a.m. ET. Chairman and Chief Executive Officer J. ...Read More
Brown & Brown Exceed Earnings Goal For Qtr 04/15/2004
State: NA | Segment: Top | 67 | 0
Brown & Brown, Inc. (NYSE: BRO) yesterday announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5% over the $0.44 in net income per share reported for the quarter ended March 31, ...Read More
Best Affirms 'A' Rating of OneBeacon & Folksamerica 04/14/2004
State: NA | Segment: Top | 349 | 0
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, MA) and Folksamerica Reinsurance Company (New York, NY). Additionally, A.M. Best has affirmed the debt rating of "bbb" on $700 million 5.875% existing senior unsecured not...Read More
Background, Work Comp Checks On Increase 04/13/2004
State: NA | Segment: Top | 95 | 0
ADP Employer Services, a provider of integrated outsourced payroll and human resources services, yesterday released its seventh annual Hiring Index, a yearly evaluation of hiring trends and issues. Compared to last year's index, the number of full background checks performed in 2003 increased ...Read More
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