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Workers' Compensation News


 
Enron Failure to Cost Carriers $3 Billion Says Bes 02/07/2002
State: Natl. | Segment: Top | 101 | 0
The failure of energy-trading giant Enron Corp. has hit the portfolios of several insurers with investment exposures as of Sept. 30, 2001, totaling more than $3 billion, according to an A.M. Best statistical study. In total, the life/health insurance industry reported a market-value investment...Read More
 
 
Erie Insurance Group CEO Retires Due to Health 01/21/2002
State: Natl. | Segment: Top | 59 | 0
Stephen A. Milne, Erie Insurance Group president & CEO, has retired from the company effective end of business on Friday, January 18, 2002 due to health reasons. Jan Van Gorder, senior executive vice president, secretary and general counsel, will serve as acting CEO until a new CEO is selected. Mr. ...Read More
 
 
Exclusive Remedy Ruling Bars $500K Jury Award 01/19/2002
State: Natl. | Segment: Top | 34 | 0 | Popular with Legal
The Court of Appeals on Friday published another opinion in a recent string of opinions confirming the broad application of the exclusive remedy provisions of California Labor Code 3602. In Wright v. Beverly Fabrics, Inc.(01/17/02, No. F035445. Fifth Dist.) the Court, obviously fee...Read More
 
 
Employer Group Formally Denounces Ballot Filings 12/06/2001
State: Natl. | Segment: Top | 25 | 0
The National Underwriter reports that a Sacramento-based workers' compensation activist group representing businesses and industry associations in California has formally announced opposition to the two proposed ballot initiative applications recently filed to raise workers' compensation benefits....Read More
 
 
Exagerrated Claim Leads to Fraud Arrest 11/29/2001
State: Natl. | Segment: Top | 34 | 0
Following a month-long investigation conducted by investigators with the California Department of Insurance Criminal Investigations Branch...Read More
 
 
El Dorado Employer Pleads Guilty to Fraud 10/31/2001
State: Natl. | Segment: Top | 34 | 0
An El Dorado County man appeared in El Dorado County Court and pled guilty to one count of employer misrepresentation fraud. If convicted, James Kolesar, 30, could face up to five years in state prison and/or a maximum fine of $50,000. The El Dorado County District Attorney...Read More
 
 
Erie Indemnity Estimates 9/11 Losses 09/26/2001
State: Natl. | Segment: Top | 50 | 0
Erie Indemnity Company (Nasdaq: ERIE) announced today that its share of catastrophe losses stemming from the tragic attacks of September 11th is expected to amount to between $5.5 and $6.7 million before federal income taxes. The after-tax effect per share on Erie Indemnity Company amounts to approx...Read More
 
 
Eastern Casualty Will Pull Out of Massachusetts 09/11/2001
State: Natl. | Segment: Top | 40 | 0
Massachusetts' third-largest workers' compensation insurance company, Eastern Casualty Insurance Co., told its agents that as of Oct. 1 it will no longer renew policies. The company insures more than 16,000 Massachusetts businesses. As renewals are declined over the next 12 months, Eastern will grad...Read More
 
 
Eastern Casualty Reiterates Rate Request 07/30/2001
State: Natl. | Segment: Top | 48 | 0
A.M. Best reports that Eastern Casualty Insurance Co....Read More
 
 
Everest Re Credit CA Comp for Growth 07/26/2001
State: Natl. | Segment: Top | 50 | 0
Everest Re Group Ltd. (NYSE: RE) credits its recent high growth and improved financial condition in part on its participation in the California workers...Read More
 
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