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Workers' Compensation News


 
Best Affirms 'A' Rating for PXRE Group 05/19/2004
State: NA | Segment: Top | 282 | 0
A.M. Best Co. has affirmed the financial strength rating of "A" for the reinsurance subsidiaries of PXRE Group Ltd.. This rating action applies to PXRE Reinsurance Company and PXRE Reinsurance Ltd. Concurrently, A.M. Best has upgraded the group's debt ratings to "bb+" from "bb" for prefe...Read More
 
 
Best Affirms Positive Ratings for Donegal Pool Companies 05/13/2004
State: NA | Segment: Top | 145 | 0
A.M. Best Co. has affirmed the financial strength rating of 'A' for the Donegal Insurance Pool. A.M. Best has also affirmed the financial strength rating of 'A' of the Peninsula Insurance Group. The financial strength rating of 'B+' of Le Mars Insurance Company is not included in the Pool...Read More
 
 
Best Rates AON Insurance Subsidiaries 05/12/2004
State: NA | Segment: Top | 105 | 0
A.M. Best Co. has affirmed the financial strength ratings of 'A' (Excellent) of Aon Corporation's life/health operations--Combined Insurance Company of America and Combined Life Insurance Company of New York, a wholly-owned subsidiary of CICA. The outlook for the life/health ratings has b...Read More
 
 
Best Affirms A+ Financial Ratings of Renaissance Re 05/07/2004
State: NA | Segment: Top | 313 | 0
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Renaissance Reinsurance Ltd and the financial strength rating of A (Excellent) of the subsidiaries of Glencoe Group Holdings Ltd. (Glencoe). These are all operating subsidiaries of RenaissanceRe Holdings Ltd. (RenaissanceRe...Read More
 
 
Beech Street Partners with Mayo Health System 05/04/2004
State: NA | Segment: Top | 238 | 0
Beech Street Corporation, an independently owned Preferred Provider Organization (PPO), announced Monday the expansion of its PPO network in the Southern Minnesota and Northern Iowa areas. Through a partnership with Mayo Health System based in Rochester, Minnesota, Beech Street clients an...Read More
 
 
Best Rates Fairfax Debt 'bb+'; Outlook Negative 05/03/2004
State: NA | Segment: Top | 172 | 0
A.M. Best Co. has assigned a debt rating of "bb+" to Fairfax Financial Holdings Limited's 7.75% senior unsecured notes due 2012 issued as part of its debt exchange offer. The outlook for all debt ratings remains negative. Fairfax has exchanged a portion of the company's existing $275 mill...Read More
 
 
Best Rates Arch Capital $300M Debt 'bbb-' 05/03/2004
State: NA | Segment: Top | 140 | 0
A.M. Best Co. has assigned a senior debt rating of "bbb-" to Arch Capital Group Ltd.'s (Arch) $300 million 7.35% senior unsecured notes due May 1, 2034. The rating outlook is stable. The financial strength rating of A- (Excellent) of Arch Reinsurance Ltd. (Hamilton, Bermuda) and its affil...Read More
 
 
Baldwin & Lyons Report Slight 1Q Improvement 04/28/2004
State: NA | Segment: Top | 316 | 0
Baldwin & Lyons, Inc Tuesday announced record first quarter operating income, defined as net income before capital gains or losses, of $7.1 million, or $.48 per share, compared to the previous first quarter record of $6.1 million, or $.42 per share, for the first quarter of 2003. Capital...Read More
 
 
Best Rates Citigroup Carriers 'A++' 04/26/2004
State: NA | Segment: Top | 253 | 0
A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of the core insurance subsidiaries of Citigroup, Inc. The insurance companies in the group include The Travelers Insurance Company (TIC), Travelers Life and Annuity Company (TLAC), Primerica Life Insurance Compan...Read More
 
 
Banks Sued for Charging Paycheck Cashing Fees 04/23/2004
State: CA | Segment: Top | 233 | 0 | Popular with Insurance
Though not about workers' compensation, the editors felt the following story would be of interest to our readers:A class action lawsuit has been filed against Bank of America for charging employees of business payroll account holders fees to cash their paychecks, affecting tens of thousands ...Read More
 
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