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Workers' Compensation News

Best Says Disjunct Between SIUs and Investigation 04/04/2003
State: Natl. | Segment: Top | 86 | 0 | Popular with Legal
A.M. Best says that while more insurance companies are setting up special investigation units (SIU) to fight insurance fraud, there is a growing concern that state regulatory agencies need to be more uniform in their policies towards fraud.Mandates by states have resulted in a dramatic incre...Read More
Business Profile: Loma Linda Univ. Occ. Health 04/03/2003
State: Natl. | Segment: Top | 37 | 0
* The company: Loma Linda University Health Care - Occupational Health Center is a dedicated workers' compensation provider for businesses within the Inland Empire. Services include treatment of workers' compensation injuries/illnesses, pre-employment examinations, programs including medical survei...Read More
Best Lowers Erie Rating to 'A+' 04/03/2003
State: Natl. | Segment: Top | 42 | 0
A.M. Best Co. has downgraded the financial strength rating to A+ (Superior) from A++ (Superior) of the property/casualty affiliates of Erie Insurance Group (Erie). Along with this action, the group's life affiliate, Erie Family Life Insurance Company, has been downgraded to A (Excellent) f...Read More
Baldwin & Lyons 1Q Conference Scheduled 04/02/2003
State: Natl. | Segment: Top | 66 | 0
Baldwin & Lyons, Inc. (Nasdaq: BWINA, BWINB), yesterday announced that management will hold a conference call on Wednesday, April 30, 2003 at 11:00 AM (EST) to discuss results for the first quarter ended March 31, 2003. These results will be released prior to the open of the financial markets on the...Read More
Best Shipping Database File P/C Edition 04/01/2003
State: Natl. | Segment: Top | 78 | 0
A.M. Best Co. has shipped the initial release of Best's Statement File, Life/Health and Property/Casualty editions. Each database presents five years of financial statement data for life/health or property/casualty single companies and groups operating in the United States. The database...Read More
Burden of Rebutting Presumption on Employer 03/31/2003
State: Natl. | Segment: Top | 34 | 0 | Popular with Legal
The Second Appellate Division of the California Court of Appeals, on Friday, in an unpublished decision, ruled that the burden shifts to an employer to rebut the 90 day presumption of LC 5402 when contesting an increase in its experience modification rating factor under the Unit Statistical Plan fou...Read More
Back Strain/Sprian Leads Texas Injuries 03/31/2003
State: Natl. | Segment: Top | 96 | 0
According to the 2001 Bureau of Labor Statistics (BLS) Annual Survey of Occupational Injuries and Illnesses, conducted in cooperation with the Texas Workers' Compensation Commission (TWCC), strains and sprains were the leading nature of lost-time injuries in every major industry division in Texas. M...Read More
Best Rates Zenith Notes 'bbb' 03/24/2003
State: Natl. | Segment: Top | 74 | 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 | 36 | 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 | 46 | 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
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