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Workers' Compensation News

Boston Man Pleads Guilty to Cheating on $131K in Premium 04/23/2004
State: MA | Segment: Top | 137 | 0
An Abington man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers' compensation insurance premiums, Attorney General Tom Reilly announced Thursday. Patrick J. O'Shaughnessy, 61, of Abington pleaded guilty yesterday to ...Read More
Brown & Brown Fined $250K, Violating TX WC Rules 04/21/2004
State: TX | Segment: Top | 121 | 0
The Texas Department of Insurance (TDI) recently imposed a $250,000 fine against a Houston insurance agency that marketed and sold workers' compensation insurance policies in violation of state insurance rules. The disciplinary action was filed against Brown & Brown Insurance Services of Texas, Inc....Read More
Best Affirms PartnerRe Group's 'A+' Rating 04/21/2004
State: NA | Segment: Top | 103 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ of PartnerRe Group and its affiliated companies. Concurrently, A.M. Best has assigned debt ratings of "a-" senior debt, "bbb+" subordinated debt and "bbb" preferred stock to the shelf registration of PartnerRe Ltd. and Partner...Read More
Brown & Brown Will Webcast Shareholders Mtg 4/22 04/16/2004
State: NA | Segment: Top | 88 | 0
Brown & Brown, Inc. (NYSE: BRO) is pleased to announce that it will webcast its 2004 Annual Shareholders Meeting. Investors and all other interested parties are invited to listen to the live webcast, to be held on Thursday, April 22, 2004 at 9:00 a.m. ET. Chairman and Chief Executive Officer J. ...Read More
Brown & Brown Exceed Earnings Goal For Qtr 04/15/2004
State: NA | Segment: Top | 71 | 0
Brown & Brown, Inc. (NYSE: BRO) yesterday announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5% over the $0.44 in net income per share reported for the quarter ended March 31, ...Read More
Best Affirms 'A' Rating of OneBeacon & Folksamerica 04/14/2004
State: NA | Segment: Top | 357 | 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 | 99 | 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 | 89 | 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 | 93 | 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 | 896 | 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
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