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Workers' Compensation News


 
Builders Ins. to Build Web Based Agent Services 04/22/2002
State: Natl. | Segment: Top | 93 | 0
Builders Insurance Group, Georgia's leading writer of workers' compensation, announced today it has engaged Ravello Solutions, a technology provider of workers' compensation software, to develop a state-of-the-art, web-based solution customized for its agents and policyholders to conduct business on...Read More
 
 
Best Affirms A+ Rating of Everest Re 04/16/2002
State: Natl. | Segment: Top | 50 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Everest Re Group, Ltd's (NYSE: RE), Bermuda, core operating reinsurance and insurance subsidiaries as well as the "a" debt rating of the unsecured senior notes issued by the intermediate U.S. holding company, Everest Reinsu...Read More
 
 
Best Lowers Realm Rating to C++ 04/10/2002
State: Natl. | Segment: Top | 46 | 0
A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B+ (Very Good) of Realm National Insurance Company, New York, and has assigned it a negative outlook. The rating action reflects Realm's exposure to a high level of reinsurance recoverables and additional det...Read More
 
 
Best Rates Instruments of White Mnts. Fund Am. 03/19/2002
State: Natl. | Segment: Top | 69 | 0
A.M. Best Co. has assigned indicative ratings of 'bbb' senior debt, 'bbb-' subordinated debt, 'bbb-' preferred securities and 'bb+' preferred stock to Fund American Cos. under the White Mountains Insurance Group Ltd., (NYSE: WTM) Bermuda, existing $1 billion universal shelf registration. ...Read More
 
 
Best Gives Travelers Debt A+ 03/19/2002
State: Natl. | Segment: Top | 59 | 0
A.M. Best Co. has assigned an 'a+' rating to the proposed $850 million convertible junior subordinated notes, due 2032, to be issued by Travelers Property Casualty Corp., Hartford, Conn. Concurrently, A.M. Best has affirmed Travelers' 'aa- ' senior debt rating and the 'a+' rating for its...Read More
 
 
Best Gives Builders Ins. an A- Rating 03/12/2002
State: Natl. | Segment: Top | 22 | 0
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to members of Builders Insurance Group, which operate under a business pooling arrangement that includes Builders Insurance (a mutual captive company) and Association Insurance Co., all of Atlanta. The ratin...Read More
 
 
Best Says Reliance BK Putting Strain on Funds 03/06/2002
State: Natl. | Segment: Top | 24 | 0
An A.M. Best statistical study published in the March 4 edition of BestWeek says the collapse of Reliance Insurance Co. will strain state property/casualty guaranty funds, and in combination with other disasters over the past year, may add to the strain on lower-rated secure companies. Sinc...Read More
 
 
Best Downgrades Paula Financial 03/04/2002
State: Natl. | Segment: Top | 63 | 0
A.M. Best Co. has downgraded the financial strength rating to D (Poor) from B- (Fair) for PAULA Insurance Company (PAULA), Pasadena, California, a subsidiary of PAULA Financial (NASDAQ: PFCO), and removed it from under review. The rating had been under review since March 9, 2001, due to un...Read More
 
 
Best Downgrades American Compensation 02/28/2002
State: Natl. | Segment: Top | 62 | 0
A.M. Best Co. has downgraded the financial strength rating of American Compensation Insurance Co. (ACIC), Bloomington, Minn., a subsidiary of RTW Inc. (NASDAQ: RTWI), to B- (Fair) from B+ (Very Good). The rating action follows the ...Read More
 
 
Broker Busted on Illegal WC Kickback Scheme 02/27/2002
State: Natl. | Segment: Top | 32 | 0
The California Department of Insurance (CDI) announced today an enforcement action against Illinois-based broker-agent Bonding & Insurance Specialists Agency, Inc. An Order of Monetary Penalty and Reprimand has been issued ordering Bonding & Insurance Specialists Agency, Inc. to pay a fine of $100,0...Read More
 
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