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Workers' Compensation News

Endurance Specialty - Best Rating of A- 01/03/2003
State: Natl. | Segment: Top | 24 | 0
Endurance Specialty Holdings announced yesterday that its U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re) has received Endurance's group rating of A- (Excellent) from A.M. Best. Endurance Re is licensed as a New York domestic insurer for all lines of pro...Read More
Erie Increases Loss Reserves for Work Comp 12/24/2002
State: Natl. | Segment: Top | 24 | 0
Erie Insurance Group announced yesterday that its property and casualty companies would increase loss and loss adjustment expense reserves by approximately $184 million in the fourth quarter of 2002. The company also reported its expected losses due to recent storms. The reserve increases,...Read More
Endurance Specialty Files for IPO 12/23/2002
State: Natl. | Segment: Top | 24 | 0
Endurance Specialty Holdings Ltd. announced Friday that it has filed a registration statement on Form S-1 for an initial public offering of its ordinary shares. Endurance also intends to apply to have its ordinary shares approved for listing on the New York Stock Exchange under the symbol "ENH"...Read More
Endurance Forms Reinsurer for Comp, Other Lines 12/20/2002
State: Natl. | Segment: Top | 28 | 0
Endurance Specialty Holdings Ltd. (Endurance Holdings) has formed a wholly-owned U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re), which has been granted a license as a New York domestic insurer for all lines of property and casualty insurance and reinsurance. Endurance H...Read More
Endurance Appoints James Kroner as CFO 12/20/2002
State: Natl. | Segment: Top | 28 | 0
Endurance Specialty Holdings Ltd., announced yesterday the appointment of James Kroner as its Chief Financial Officer. Mr. Kroner, who joined Endurance in December, 2001 as Chief Investment Officer, replaces Colleen Brennan, who is pursuing interests outside of Endurance. Mr. Kroner was also n...Read More
Erie Indemnity Makes Executive Changes 12/17/2002
State: Natl. | Segment: Top | 18 | 0
Erie Insurance President and CEO Jeffrey A. Ludrof, CPCU, AIC, CIC, LUTCF, announced today the appointment of several key leadership positions within the company. "We are fortunate to have many talented leaders here at The ERIE," said Ludrof. "By making these changes today, we are preparing fo...Read More
Erie Indemnity Increases Dividend 12/12/2002
State: Natl. | Segment: Top | 75 | 0
At the December 10, 2002 regular meeting of the board of directors of the Erie Indemnity Company (Nasdaq: ERIE), the board approved an increase in shareholders' dividends. The board also set the management fee rate and service fee rate charged to the Erie Insurance Exchange for 2003. ...Read More
Endoscopic Back Surgery Education in AZ 12/06/2002
State: Natl. | Segment: Top | 90 | 0
Arizona has become a hotbed for surgical innovation, especially regarding the minimally invasive treatment of serious spine disease, say physicians with Endius. In a move to broaden awareness about minimally invasive treatment options for Arizona patients who require spine fusion surgery, to...Read More
Execs Guilty - Borrowed Money not Used For Comp 11/25/2002
State: Natl. | Segment: Top | 58 | 0
Two former Monon Corp. executives were found guilty by a federal jury Friday of directing the fraudulent borrowing of millions of dollars to keep the trailer maker operating before it went bankrupt, displacing more than 1,000 workers. Jurors on Wednesday convicted former Monon chief execut...Read More
Equity Mutual S&P Ratings Lowered to 'CCC' 11/22/2002
State: Natl. | Segment: Top | 23 | 0
Standard & Poor's Ratings Services yesterday said it lowered its counterparty credit and financial strength ratings on Equity Mutual Insurance Co. (EMI) to 'CCCpi' from 'BBpi'. "The rating action reflects the significant decline in capitalization and surplus, poor operating results, and ad...Read More
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