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Workers' Compensation News

Budget Goof Means CA DWC Out of Money in 5 Weeks 01/29/2004
State: CA | Segment: Top | 305 | 0
Due to a major budgetary oversight, the California Division of Workers' Compensation may not be able to keep the lights on in five weeks. A clerical error in the budget signed by former Governor Gray Davis' means the DWC is short $54.6 million.The error occurred after Davis signed AB 227, wh...Read More
Baldwin & Lyons Report Record Operating Income 01/29/2004
State: NA | Segment: Top | 137 | 0
Baldwin & Lyons, Inc. (Nasdaq: BWINA - News, BWINB - News) yesterday announced record fourth quarter operating income, defined as net income excluding capital gains or losses, of $7.1 million, or $.48 per share, compared to $6.7 million, or $.46 per share, for the fourth quarter of 2002. Net capital...Read More
Best Gives AFG Debt 'bbb' Rating; Stable Outlook 01/29/2004
State: NA | Segment: Top | 127 | 0
A.M. Best Co. has assigned a debt rating of "bbb" to the $100 million 30-year senior unsecured notes to be issued by American Financial Group, Inc. (AFG) [NYSE:AFG] (Cincinnati, OH). The notes are a drawdown of the $600 million shelf registration previously filed by AFG. Concurre...Read More
Baa3 Rating for AFG Debt by Moody's 01/29/2004
State: NA | Segment: Top | 125 | 0
Moody's Investors Service has assigned a Baa3 senior debt rating to the $100 million, 30-year senior unsecured debentures issued by American Financial Group, Inc. [NYSE: AFG]. Proceeds from the issuance are expected to be used to redeem approximately $95.5 million of the company's outstanding trust ...Read More
Board Appointments Give Schwarznegger SCIF Reform Chance 01/28/2004
State: CA | Segment: Top | 463 | 0
Sunday's Los Angeles Daily News ran a headline article stating that California Insurance Commissioner John Garamendi feels that an upcoming change to the Board of Directors of State Compensation Fund is an opportunity for Governor Arnold Schwarzenegger to significantly impact overall workers' compen...Read More
B Thomas Johns Named President Specialty Comm Group 01/27/2004
State: NA | Segment: Top | 147 | 0
Argonaut Group, Inc. (Nasdaq: AGII) announced yesterday that B. Thomas Johns, senior vice president and chief underwriting officer of Colony Group, a subsidiary of Argonaut Group, has been appointed president of Argonaut Group's Specialty Commercial Group. Argonaut Group's Specialty Commerc...Read More
Brown & Brown's 4Q Net Increases 21%, Year End Up 33% 01/16/2004
State: NA | Segment: Top | 122 | 0
Brown & Brown, Inc. (NYSE: BRO) yesterday announced record earnings for 2003, the eleventh consecutive year the Company has hit record highs in both revenues and income. Net income for 2003 rose to $110,322,000, or $1.60 per share, an increase of 32.7% over the $83,122,000, or $1.22 per ...Read More
Baton Rouge Co. Cited $64K for Repeat Violations 01/16/2004
State: LA | Segment: Top | 300 | 0
The alleged failure of Total Environmental Solutions Inc. to protect employees from a wide range of safety and health hazards has resulted in citations and proposed penalties of $64,500 from the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA). The company was...Read More
Brown&Brown '03 Yr End Results Today 01/15/2004
State: NA | Segment: Top | 103 | 0
Brown & Brown, Inc. (NYSE: BRO) will hold an investor update conference call concerning Brown & Brown's fourth quarter and year-end 2003 financial results today, January 15, 2004. You are invited to listen to the call, which will be broadcast live over the Internet at 8:30 a.m. ET....Read More
Brown&Brown Investor's 4th Qtr Conf Call 1/15/04 01/07/2004
State: NA | Segment: Top | 141 | 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 fo...Read More
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