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Workers' Compensation News

Bill Pending for Federal Regulation of Industry 02/15/2002
State: Natl. | Segment: Top | 46 | 0
A.M. Best reports that a move is a foot to put the federal government in charge of insurance regulation. Rep. John LaFalce, D-N.Y., the top Democrat with the House Financial Services Committee, introduced a bill yesterday entitled, 'The Insurance Industry Modernization and Consumer Protection Ac...Read More
Builders Insurance Pays Policyholder Dividend 02/11/2002
State: Natl. | Segment: Top | 53 | 0
For a sixth consecutive year, the Builders Insurance Group Board of Directors announced today that it would return a dividend to its policyholders. In June, checks totaling more than $4.9 million will be distributed to thousands of qualified policyholders enrolled in the Builders Insurance (A Mutual...Read More
Best Affirms Liberty Mutual Rating of A+ 02/08/2002
State: Natl. | Segment: Top | 44 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) for Liberty Mutual Insurance Companies, Boston. As of September 27, 2001, the rating for Liberty Mutual, which applies to the 13 pool members, eight reinsured affiliates and two international affiliates, was placed under ...Read More
Builders Insurance Gets A- From Best 01/30/2002
State: Natl. | Segment: Top | 45 | 0
Builders Insurance Group announced that it has been assigned an A- (Excellent), FSC VI rating by A.M. Best Company. 'We are very proud of this rating in light of the current volatile marketplace for workers' compensation,' William J. Lohmeyer, president and CEO, said. 'This solidifies our leade...Read More
Burton & Calderon Predict Benefits Victory at CAAA 01/28/2002
State: Natl. | Segment: Top | 40 | 0
California Senator John Burton told the audience at last week...Read More
Best Rates New Reinsurer Endurance an A- 01/23/2002
State: Natl. | Segment: Top | 25 | 0
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Endurance Specialty Insurance Ltd., Bermuda. The company, formed in response to the market dislocation that has occurred in the global insurance and reinsurance markets as a result of the events of September 11...Read More
Best Affirms Rating of Capitol Transamerica Group 01/10/2002
State: Natl. | Segment: Top | 56 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) for Capitol Transamerica Group (CATA), Madison, Wis. The rating action follows the close of the transaction in which Alleghany Corp. acquired CATA. The rating reflects CATA's superior level of capitalization, solid liquidit...Read More
Builders Insurance to Expand Comp Market 12/13/2001
State: Natl. | Segment: Top | 22 | 0
Builders Insurance Group announced that effective January 1, 2002, it would begin writing additional classes of Georgia workers' compensation business through its wholly owned subsidiary Association Insurance Company (AIC). AIC will be available to all active Builders Insurance Group agen...Read More
Benefit Increase Ballot Initiatives Filed in CA 12/04/2001
State: Natl. | Segment: Top | 65 | 0
Applications for two ballot initiatives were recently filed by Gnesa K. Duncan with state Attorney General Bill Lockyer to bring the issue of an increase in workers' compensation payments to the voters in November. One is entitled "Fairness to Injured Workers Amendment" and seeks to add article ...Read More
Best Raings on TIG and Crum & Forester Reviewed 12/03/2001
State: Natl. | Segment: Top | 40 | 0
A.M. Best Co. has downgraded the financial strength rating of TIG Insurance Group, Irving, Texas, from A- (Excellent) to B++ (Very Good), affirmed the A- (Excellent) financial strength rating of Crum & Forster Insurance Group (CFI), Morristown, N.J., and has removed both ratings from under review. B...Read More
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