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Workers' Compensation News

Best Lowers Cigna Financial Strength Rating 10/25/2002
State: Natl. | Segment: Top | 44 | 0
A.M. Best Co. has lowered the debt ratings of Cigna Corporation (NYSE:CI) (Philadelphia) and affirmed the financial strength ratings of its operating subsidiaries. The outlook for the debt ratings and life insurance subsidiaries is negative, while the outlook for the HMOs is stable. These rating act...Read More
Big Dig Workers Busted Working While on TD 10/21/2002
State: Natl. | Segment: Top | 52 | 0
Three former laborers involved in Boston's "Big Dig" construction project were arraigned in Boston Municipal Court on charges of worker's compensation fraud and larceny or attempted larceny last week, according to a report published in the Boston Globe. A fourth former worker will be arraigned on th...Read More
Best Says Traverlers Rating Unaffected by Charge 10/21/2002
State: Natl. | Segment: Top | 76 | 0
A.M. Best Co. said the A++ (Superior) financial strength rating of the Travelers Property Casualty Pool (Hartford, CT), the financial strength ratings of the other Travelers Property Casualty Group members, the debt ratings of Travelers Property Casualty Corp. (Travelers P&C) and the trust preferred...Read More
Best Lowers Ratings for Employers Re 10/15/2002
State: Natl. | Segment: Top | 53 | 0
A.M. Best Co. has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation, (Overland Park, KS) and its affiliated domestic and international non-life and life reinsurance companies, cumulatively comprising the GE Global Insurance Group (GE Glo...Read More
Bill Simon Wants to "Reform" CA Work Com 09/25/2002
State: Natl. | Segment: Top | 80 | 0
The Los Angeles Times yesterday reported that Republican gubernatorial nominee Bill Simon Jr. said that, if elected, he would "reform" California's workers' compensation system.Simon accused Gov. Gray Davis on Monday of creating an anti-business climate in California that is pushing companie...Read More
Bay Area Trio Busted on False Payroll of $2.25M 08/19/2002
State: Natl. | Segment: Top | 78 | 0 | Popular with Insurance
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch's Fraud Division and the California Franchise Tax Board (FTB) announced the arrests of Benito Storniolo, 44, Laura Storniolo, 40, and Angelo Cardarelli, 37, of San Francisco for workers' compensation premi...Read More
Bill Review Co. Gets Microsoft Award 08/09/2002
State: Natl. | Segment: Top | 53 | 0
Software publisher Microsoft Corporation has bestowed on workers' compensation medical bill review company, At Global, Inc., an award as winner of its Microsoft .NET Best Awards.The Microsoft .NET Best Awards is a relatively new competition initiated by Microsoft to recognize XML Web service...Read More
Best Reports 7.8% Premium Increase, Still Trouble 07/29/2002
State: Natl. | Segment: Top | 97 | 0
The property/casualty industry reported a 7.8% increase in net premiums written and a 3.9-point improvement in the combined ratio for the first quarter of 2002 compared with the first quarter of 2001, according to the special report, "P/C Premium Growth Solid in First Quarter," recently released by ...Read More
Brown & Brown - 55% Increase on Flat WC Pricing 07/11/2002
State: Natl. | Segment: Top | 79 | 0
Brown & Brown, Inc. (NYSE: BRO), ranked by Business Insurance magazine as the nation's eighth largest independent insurance intermediary organization, announced net income for the second quarter of 2002 of $21,401,000, or $0.31 per share, an earnings per share increase of 55.0% over the $12,420,000,...Read More
Builders Celebrates 10th Anniversary of Comp 07/09/2002
State: Natl. | Segment: Top | 80 | 0
Builders Insurance Group announced today that July marks the 10th year anniversary of its Home Builders Association of Georgia (HBAG) endorsed workers' compensation program. This milestone marks the achievement of a vision that began 10 years ago when the founders of the company set out to...Read More
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