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Workers' Compensation News

Best Affirms 'A' Rating of OneBeacon & Folksamerica 04/14/2004
State: NA | Segment: Top | 356 | 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 | 96 | 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
Best Rates Assurant Debt AMB-2, Stable 04/07/2004
State: NA | Segment: Top | 88 | 0
A.M. Best Co. has assigned a debt rating of AMB-2 to Assurant, Inc.'s [NYSE: AIZ] (New York) new commercial paper program. The privately-placed program has a capacity of up to $500 million and is 100% backed by a bank line of credit. The rating outlook is stable. The establishment of a co...Read More
Brown & Brown to Release 1Qs on 4/15 04/06/2004
State: NA | Segment: Top | 92 | 0
Brown & Brown, Inc. (NYSE: BRO) announces that J. Hyatt Brown, Chairman and Chief Executive Officer, Jim W. Henderson, President and Chief Operating Officer, and Cory T. Walker, Chief Financial Officer, of Brown & Brown, Inc. will hold an investor update conference call concerning Brown & Brown's...Read More
Best Upgrades Rating for NJM Insurance Group 04/06/2004
State: NA | Segment: Top | 893 | 0
A.M. Best Co. has upgraded the financial strength ratings to A++ (Superior) from A+ (Superior) for the NJM Insurance Group (West Trenton, NJ). The outlook for the ratings is stable. The ratings reflect the group's superior capitalization, strong operating performance and dominant local m...Read More
Best Downgrades Key Traveler's Ratings 04/05/2004
State: NA | Segment: Top | 128 | 0
A.M. Best Co. has downgraded the financial strength rating to A+ (Superior) from A++ (Superior) of Travelers Property Casualty Pool (Travelers PC Pool) (Hartford, CT). The rating has been removed from under review and assigned a stable outlook. Concurrently, A.M. Best has affirmed the financial stre...Read More
Bill Eliminating GA Subsequent Injury Fund to Gov 04/02/2004
State: GA | Segment: Top | 69 | 0
The Georgia Senate Thursday passed and sent to the governor legislation eliminating the outdated and costly state-sponsored workers' compensation Subsequent Injury Trust Fund (SITF). H.B. 1579, introduced at the request of the American Insurance Association (AIA), represents long overdue ref...Read More
Brown & Brown Expanding NE Services via Acquisitions 04/01/2004
State: NA | Segment: Top | 712 | 0
Thomas E. Riley, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), R. Peter Barker, President, and Constance M. Bradshaw, Vice President, of Barker, Heslip, Bradshaw Agency, Inc., of Rochester, New York, and Dominick S. Cinelli, a sole proprietor doing business as Risk and In...Read More
Baldwin & Lyons 4Q Results Will Be Released 4/27 04/01/2004
State: NA | Segment: Top | 102 | 0
Baldwin & Lyons, Inc. (Nasdaq: BWINA, BWINB), yesterday announced that management will hold a conference call on Wednesday, April 28, 2004 at 11:00 AM ET (New York Time) to discuss results for the fourth quarter ended March 31, 2004. Results will be released after the close of the finan...Read More
Bangladesh Struggles with Administration of Work Comp 03/31/2004
State: NA | Segment: Top | 79 | 0
Labor unions in Bangladesh are struggling to introduce new rights for injured workers. In particular, they wish to have a formal voice in the governance of safety and workers' compensation regulation. To date, progress has been painfully slow. Workers' compensation is a social insuranc...Read More
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