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Workers' Compensation News


 
Best Rates Everest Re Group 'A+' 06/23/2003
State: Natl. | Segment: Top | 98 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Everest Re Group, Ltd's (Bermuda) (NYSE: RE) core reinsurance and insurance subsidiaries. Concurrently, A.M. Best has affirmed the debt rating of "a" relative to senior debt obligations issued by the intermediate U...Read More
 
 
Best Affirms Tokio Marine 'A++' Rating 06/17/2003
State: Natl. | Segment: Top | 50 | 0
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of The Tokio Marine and Fire Insurance Company Ltd, Japan. The outlook is negative. The rating reflects Tokio Marine's superior capitalization, strong balance-sheet flexibility and advanced risk management platform...Read More
 
 
Boston Ironworker Guilty: Collecting TD and Workin 06/17/2003
State: Natl. | Segment: Top | 27 | 0
An East Boston ironworker has pleaded guilty to charges he collected unemployment benefits while working, Massachusetts Attorney General Tom Reilly announced last Friday. Jason Trombley, 30, of East Boston, pleaded guilty to one count each of workers' compensation fraud and larceny over $...Read More
 
 
Best: St Paul Financial Rating 'A', Downgrade Debt 06/16/2003
State: Natl. | Segment: Top | 75 | 0
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of The St. Paul Companies, Inc.'s (St. Paul, MN) (NYSE: SPC) property/casualty subsidiaries. Concurrently, A.M. Best has downgraded its senior debt rating to "bbb+" from "a-", subordinated debt to "bbb" from "bbb+", preferred ...Read More
 
 
Best Downgrades Kemper (Again) to D 06/12/2003
State: Natl. | Segment: Top | 54 | 0
A.M. Best Co. has downgraded the financial strength ratings to D (Poor) from C++ (Marginal) of the participants in the Kemper Insurance Companies' (Long Grove, IL) inter-company pool, eight reinsured affiliates and one domestic affiliate. The company had just undergone a ratings downgrade by...Read More
 
 
Best Ratings on ACE Ltd Debt and Securities 06/11/2003
State: Natl. | Segment: Top | 159 | 0
A.M. Best Co. has affirmed the financial strength ratings of the operating subsidiaries of ACE Ltd. (ACE) (Bermuda) [NYSE:ACE]. Concurrently, A.M. Best has downgraded ACE Ltd.'s debt securities and the securities guaranteed by ACE Ltd. All ratings have been assigned stable outlooks. ACE's...Read More
 
 
Brothers Argue Unconstitutional Fine on 6/20 06/10/2003
State: Natl. | Segment: Top | 103 | 0
The Rhode Island Workers' Compensation Court has scheduled arguments for June 20 on whether a fine in excess of $1 million levied against The Station nightclub owners Jeffrey and Michael Derderian...Read More
 
 
Best Affirms 'A-' of Atlantic Mutual, Neg Implicat 06/09/2003
State: Natl. | Segment: Top | 103 | 0
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the "bbb" debt rating of Atlantic Mutual Insurance Company's existing $100 million...Read More
 
 
BWC Repeals Self-Insured Status of WCI Steel 06/04/2003
State: Natl. | Segment: Top | 73 | 0
The Vindicator out of Youngstown, Ohio reports that the Ohio Bureau of Workers' Compensation may revoke the self-insurance charter of WCI Steel. According to the report, the Bureau is concerned with the company's financial wherewithal to meet future workers' compensation obligations.In recen...Read More
 
 
Best Affirms Zurich 'A' Rating 06/02/2003
State: Natl. | Segment: Top | 81 | 0
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Zurich Financial Services Group (ZFS), Switzerland, and core subsidiaries. The outlook remains positive following the company's release of first-quarter results for 2003 and the announcement of the sale of its life...Read More
 
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