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Workers' Compensation News


 
Bush's Small Pox Comp in Addiiton to WC 03/06/2003
State: Natl. | Segment: Top | 40 | 0
After months of consternation by the health care industry about the work comp effects of the small pox vaccination campaign, the Bush administration yesterday proposed an independent compensation fund for those sustaining injury or illness from the inoculation. The plan calls for the payment...Read More
 
 
Brown to Acquire Assets of Acumen Re 03/03/2003
State: Natl. | Segment: Top | 53 | 0
Jim W. Henderson, President and Chief Operating Officer of Brown & Brown, Inc. (NYSE: BRO), and Theodore A. "Ted" Betoni, Jr., President of Acumen Re Management Corporation, of Mount Laurel, New Jersey, Friday announced the asset acquisition of Acumen Re Management Corporation by Brown & Brown, Inc....Read More
 
 
Best Lowers Rating of PMA Capital to A-, Stable 02/26/2003
State: Natl. | Segment: Top | 58 | 0
A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of PMA Capital Insurance Company (Pennsylvania) with a stable outlook. The current financial strength rating of A- (Excellent) with a stable outlook of PMA Insurance Group (Pennsylvania) has been a...Read More
 
 
Bredesen Named Tennessee DLWD Commissioner 02/04/2003
State: Natl. | Segment: Top | 56 | 0
Governor-elect Phil Bredesen on January 10 named James G. Neeley as the next commissioner of the Tennessee Department of Labor and Workforce Development. Neeley, who is active in a wide range of labor and workforce initiatives, is the longtime president of the Tennessee AFL-CIO Labor Coun...Read More
 
 
Builders - 7th Straight Dividend to Policyholders 01/30/2003
State: Natl. | Segment: Top | 92 | 0
Builders Insurance Group announced yesterday that it is distributing its seventh, consecutive, annual dividend to insureds. This year's dividend totals $2.2 million and will be distributed among thousands of qualified policyholders enrolled in Builders Insurance (A Mutual Captive Company) workers' c...Read More
 
 
Best Rates SAFECO Notes 'bbb+' 01/30/2003
State: Natl. | Segment: Top | 110 | 0
A.M. Best Co. has assigned "bbb+" senior unsecured debt ratings to the $200 million 4.200% five-year notes and $300 million 4.875% seven-year notes issued by SAFECO Corporation [NASDAQ:SAFC] (Seattle). These securities were issued under SAFECO's $775 million shelf registration previously filed with...Read More
 
 
Best Puts Prudential P&C Under Review 01/29/2003
State: Natl. | Segment: Top | 47 | 0
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty Group (Indianapolis, IN) and its separately rated subsidiary, THI Holdings Group (Cleveland, OH), under review with negative implications. The under-review status reflects A.M....Read More
 
 
Best Reviews Hartford Financial, P&C Unaffected 01/29/2003
State: Natl. | Segment: Top | 67 | 0
A.M. Best Co. has placed under review the commercial paper and debt ratings of Hartford Financial Services Group, Inc. (The Hartford) [NYSE:HIG] and Hartford Life, Inc. (both located in Hartford, CT). These ratings were also assigned negative implications. Concurrently, the financial strength rating...Read More
 
 
Brokers See Continuing Hard Market 01/23/2003
State: Natl. | Segment: Top | 112 | 0
More than two-thirds of the small and medium-sized commercial property/casualty accounts and 59 percent of the large accounts experienced premium increases between 10 and 30 percent during the last three months of 2002, according to a survey of the nation's leading insurance brokers. The fo...Read More
 
 
BC Forestry Injury Rate Double Other Industries 01/21/2003
State: Natl. | Segment: Top | 51 | 0
"In 2001 in British Columbia's forests there were 2,136 accepted claims costing an average of $27,018 each and having an average duration of 37 days. There were 28 accepted fatalities. That human suffering devastates families and has a huge impact on the bottom line of an industry that is critic...Read More
 
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