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Workers' Compensation News


 
Fitch Places Cigna on Rating Watch Negative 10/23/2002
State: Natl. | Segment: Top | 75 | 0
Fitch Ratings has placed the ratings on Cigna and Connecticut General Life Insurance Company (CG Life) on Rating Watch Negative. The rating action affects approximately $1.6 billion of debt outstanding as of June 30, 2002. The rating action primarily reflects Fitch's concern regarding rec...Read More
 
 
Feds Do Not Get Priority Over St Guaranty Funds 10/16/2002
State: Natl. | Segment: Top | 96 | 0
Last month the U.S. Court of Appeals for the 1st Circuit ruled that the federal government does not automatically have priority over state guaranty funds in insurance company liquidations, but also that the federal government is not bound by claims-filing deadlines in states’ insurance guaranty fu...Read More
 
 
Florida Fatalities up 12% Led by Transportation 10/15/2002
State: Natl. | Segment: Top | 72 | 0
The Florida Department of Insurance, Division of Workers' Compensation, released a census report revealing that workplace fatalities in Florida rose by 12 percent in 2001, marking the first increase in three years. Specifically, there were increases in the number of fatalities due to exposure to har...Read More
 
 
Fitch Likes AFG Work Comp Strategy, Affirms Rating 10/14/2002
State: Natl. | Segment: Top | 64 | 0
Fitch Ratings on Friday affirmed the ratings of American Financial Group, Inc. (AFG) and its subsidiaries following the announcement that AFG plans to spin off its personal lines property casualty operations. This action includes the senior debt ratings of AFG, and its subsidiaries, American Financi...Read More
 
 
FL Agent Arrested - Selling Comp W/O License 10/08/2002
State: Natl. | Segment: Top | 56 | 0
Florida Department of Insurance investigators last Thursday arrested a former licensed insurance agent and his mother, who served as office manager, on charges of selling insurance without a license and issuing fraudulent certificates of insurance for a range of coverages including workers' compensa...Read More
 
 
Foodservice Leads Workplace Injury Stats 10/04/2002
State: Natl. | Segment: Top | 59 | 0
The foodservice industry leads the U.S. Department of Labor's Bureau of Labor Statistics' ranking of workplace injuries and illnesses, with almost 300,000 cases reported in 2000.The industry is improving. The injury rate dropped three-tenths of a percent, from 5.5 cases per 100 full-time equ...Read More
 
 
Fitch Affirms Everest Re 'A-' Rating 10/03/2002
State: Natl. | Segment: Top | 81 | 0
Fitch Ratings has yesterday affirmed the 'A-' senior debt and long-term issuer rating of Everest Reinsurance Holdings, Inc (Everest Holdings). The Rating Outlook is Stable. The rating is based upon Everest Holding's operating subsidiaries' consistent performance and good market position si...Read More
 
 
Fremont Compensation Lays Off Claims Staff 10/03/2002
State: Natl. | Segment: Top | 83 | 0
Fremont Compensation in California handed pink slips to all but 5 of the claims staff on Monday, according to sources in the industry. The last day for others in the San Francisco office will be October 18. Employers Insurance Company of Nevada (EICN) purchased Fremont Compensation out of C...Read More
 
 
Florida Gov's Commission Admits "Little Progress" 10/01/2002
State: Natl. | Segment: Top | 57 | 0
The Florida Governor's Commission on Workers' Compensation is making little progress toward creating a set of legislative recommendations as it ended its third meeting with few indications of how it will proceed. Several themes are emerging, however, including that steps need to be taken to address ...Read More
 
 
Fitch Affirms Zenith Rating, "Well Positioned" 10/01/2002
State: Natl. | Segment: Top | 136 | 0
Fitch Ratings has affirmed the 'A-' insurer financial strength ratings of Zenith National Insurance Corp.'s (Zenith National) three insurance subsidiaries, Zenith Insurance Company (Zenith Insurance), ZNAT Insurance Company and Zenith Star Insurance Company. Fitch has also affirmed Zenith National's...Read More
 
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