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Workers' Compensation News


 
Best Rates Zenith Notes 'bbb' 03/24/2003
State: Natl. | Segment: Top | 71 | 0
A.M. Best Co. has assigned a "bbb" to Zenith National Insurance Group's (NYSE: ZNT) (Van Nuys, CA) $110 million 5.75% senior unsecured convertible notes, due March 2023 and issued under Rule 144a. The notes contain a put option, which is first exercisable by the investor in 2010. Proceeds ...Read More
 
 
Bill to Change OK WCJ Appointments Withdrawn 03/14/2003
State: Natl. | Segment: Top | 32 | 0 | Popular with Legal
An Oklahoma bill that sought to change the way the state's workers' compensation judges were appointed, and that drew heavy criticism from The State Chamber of Commerce will be withdrawn said the bil...Read More
 
 
Best Argonaut Rating 'A' - Losses Were Expected 03/13/2003
State: Natl. | Segment: Top | 41 | 0
A.M. Best Co. announced yesterday that the current financial strength ratings of the insurance subsidiaries of Argonaut Group, Inc. (NASDAQ: AGII) (San Antonio, TX) remain unchanged following the company's delayed fourth quarter 2002 earnings announcement (see ...Read More
 
 
Bills by Richman Change Vendors, Penalties, PD 03/10/2003
State: Natl. | Segment: Top | 138 | 0 | Popular with Legal
A flurry of legislation is flying around Sacramento presently, as California legislators all weigh in with their ideas on how to fix the work comp system.Three bills have been introduced by California Assembly Member Keith Richman (R - Granada Hills) that seem to be a bit more serious than...Read More
 
 
Bush's Small Pox Comp in Addiiton to WC 03/06/2003
State: Natl. | Segment: Top | 29 | 0
After months of consternation by the health care industry about the work comp effects of the small pox vaccination campaign, the Bush administration yesterday proposed an independent compensation fund for those sustaining injury or illness from the inoculation. The plan calls for the payment...Read More
 
 
Brown to Acquire Assets of Acumen Re 03/03/2003
State: Natl. | Segment: Top | 35 | 0
Jim W. Henderson, President and Chief Operating Officer of Brown & Brown, Inc. (NYSE: BRO), and Theodore A. "Ted" Betoni, Jr., President of Acumen Re Management Corporation, of Mount Laurel, New Jersey, Friday announced the asset acquisition of Acumen Re Management Corporation by Brown & Brown, Inc....Read More
 
 
Best Lowers Rating of PMA Capital to A-, Stable 02/26/2003
State: Natl. | Segment: Top | 34 | 0
A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of PMA Capital Insurance Company (Pennsylvania) with a stable outlook. The current financial strength rating of A- (Excellent) with a stable outlook of PMA Insurance Group (Pennsylvania) has been a...Read More
 
 
Bredesen Named Tennessee DLWD Commissioner 02/04/2003
State: Natl. | Segment: Top | 32 | 0
Governor-elect Phil Bredesen on January 10 named James G. Neeley as the next commissioner of the Tennessee Department of Labor and Workforce Development. Neeley, who is active in a wide range of labor and workforce initiatives, is the longtime president of the Tennessee AFL-CIO Labor Coun...Read More
 
 
Builders - 7th Straight Dividend to Policyholders 01/30/2003
State: Natl. | Segment: Top | 78 | 0
Builders Insurance Group announced yesterday that it is distributing its seventh, consecutive, annual dividend to insureds. This year's dividend totals $2.2 million and will be distributed among thousands of qualified policyholders enrolled in Builders Insurance (A Mutual Captive Company) workers' c...Read More
 
 
Best Rates SAFECO Notes 'bbb+' 01/30/2003
State: Natl. | Segment: Top | 88 | 0
A.M. Best Co. has assigned "bbb+" senior unsecured debt ratings to the $200 million 4.200% five-year notes and $300 million 4.875% seven-year notes issued by SAFECO Corporation [NASDAQ:SAFC] (Seattle). These securities were issued under SAFECO's $775 million shelf registration previously filed with...Read More
 
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