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Workers' Compensation News

Best Raings on TIG and Crum & Forester Reviewed 12/03/2001
State: Natl. | Segment: Top | 42 | 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
Best Affirms Safeco's 11/20/2001
State: Natl. | Segment: Top | 53 | 0
Following Safeco Corp.'s (NASDAQ:SAFC) announced loss-reserve strengthening and subsequent discussions with management, A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the property/casualty companies while maintaining a negative outlook. Additionally, the existing ratin...Read More
Benefits and Costs Decline as Percent of Wages 07/31/2001
State: Natl. | Segment: Top | 46 | 0
Workers' compensation benefit payments and costs declined relative to wages paid to employees covered by workers' compensation in 1999, according to a study by the National Academy of Social Insurance (NASI). This marked the seventh consecutive year of declining benefits relative to covered wages an...Read More
Best Downgrades CNA Re 07/25/2001
State: Natl. | Segment: Top | 45 | 0
A.M. Best Co. announced earlier this week that it has lowered the A (Excellent) financial strength rating of CNA Reinsurance Co. Ltd., London, to A- (Excellent) and placed it under review with negative implications. Best explains that the rating action reflects ...Read More
Best Lowers Rating on Zenith, Republic 06/26/2001
State: Natl. | Segment: Top | 45 | 0
A.M. Best Co. announced yesterday that it has lowered the financial strength ratings of Republic Indemnity Insurance Pool, Encino, Calif., and Zenith National Insurance Group, Woodland Hills, Calif., to A- (Excellent) from A (Excellent). Best says that their ratings are reflective of their relative ...Read More
Best Downgrades Sierra Health 06/03/2001
State: Natl. | Segment: Top | 62 | 0
The financial strength ratings of the operating insurance and HMO subsidiaries of Sierra Health Services, Inc., Las Vegas, have been downgraded by A.M. Best Co. to B (Fair). According to Best, the actions reflect Sierra's weak capital position, its high, though improving, financial leverag...Read More
Best Recognizes Argonaut & Royal Deal 05/12/2001
State: Natl. | Segment: Top | 43 | 0
A.M. Best Co. announced its recognition of Argonaut Group, Inc.'s, San Antonio, Texas, signing of a definitive agreement to acquire Front Royal, Inc., an insurance holding company headquartered in Morrisville, North Carolina, for $165.0 million in cash. (See ...Read More
Best Affirms AIG Rating Pending Acquisition 04/11/2001
State: Natl. | Segment: Top | 62 | 0
A.M. Best Co. has affirmed the A++ (Superior) financial strength ratings of American International Group's (NYSE: AIG) property/casualty and life/health subsidiaries. This rating action was in part prompted by AIG...Read More
Best Lowers St. Fund Rating 04/09/2001
State: Natl. | Segment: Top | 39 | 0
A.M. Best Co. last week lowered the financial strength rating of State Compensation Insurance Fund (SCIF)to a 'B+' (very good) from a 'B++.' The change in Best...Read More
Best Affirms Rating on Atlantic Mutual 04/06/2001
State: Natl. | Segment: Top | 50 | 0
A.M. Best Co. has affirmed the A- (Excellent) financial strength rating of The Atlantic Mutual Companies. The rating applies to the group's four members, led by the Atlantic Mutual Insurance Company. The ratings have been assigned a negative outlook however. According to Best, the ratings ...Read More
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