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Workers' Compensation News

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
Best Puts Prudential P&C Under Review 01/29/2003
State: Natl. | Segment: Top | 28 | 0
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty Group (Indianapolis, IN) and its separately rated subsidiary, THI Holdings Group (Cleveland, OH), under review with negative implications. The under-review status reflects A.M....Read More
Best Reviews Hartford Financial, P&C Unaffected 01/29/2003
State: Natl. | Segment: Top | 52 | 0
A.M. Best Co. has placed under review the commercial paper and debt ratings of Hartford Financial Services Group, Inc. (The Hartford) [NYSE:HIG] and Hartford Life, Inc. (both located in Hartford, CT). These ratings were also assigned negative implications. Concurrently, the financial strength rating...Read More
Brokers See Continuing Hard Market 01/23/2003
State: Natl. | Segment: Top | 92 | 0
More than two-thirds of the small and medium-sized commercial property/casualty accounts and 59 percent of the large accounts experienced premium increases between 10 and 30 percent during the last three months of 2002, according to a survey of the nation's leading insurance brokers. The fo...Read More
BC Forestry Injury Rate Double Other Industries 01/21/2003
State: Natl. | Segment: Top | 32 | 0
"In 2001 in British Columbia's forests there were 2,136 accepted claims costing an average of $27,018 each and having an average duration of 37 days. There were 28 accepted fatalities. That human suffering devastates families and has a huge impact on the bottom line of an industry that is critic...Read More
Best Affirms Traveler's A++ Rating 01/15/2003
State: Natl. | Segment: Top | 71 | 0
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Travelers Property Casualty Pool (Hartford, CT). The rating applies to the 20-member pool, led by Travelers Indemnity Company, and two reinsured affiliates. The rating also applies to Travelers Casualty and Sur...Read More
Baldwin & Lyons Earnings Conference Call Set 01/15/2003
State: Natl. | Segment: Top | 28 | 0
Baldwin & Lyons, Inc. (Nasdaq: BWINA, BWINB), yesterday announced that management will hold a conference call on Monday, January 27, 2003 at 11:00 AM (EST) to discuss results for the fourth quarter and year ended December 31, 2002. Results will be released prior to 9:00 AM (EST) the same day. ...Read More
Best Lowers Rating on Kemper to B+ 01/02/2003
State: Natl. | Segment: Top | 33 | 0
A.M. Best Co. has lowered the financial strength rating to B+ (Very Good) from A- (Excellent) of the participants in the Kemper Insurance Companies intercompany pool, Long Grove, Ill. In addition, A.M. Best has lowered the rating of the surplus notes issued by Lumbermens Mutual Casualty...Read More
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