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Workers' Compensation News


 
Fitch Lowers Rating on Lumbermen's Debt 11/30/2001
State: Natl. | Segment: Top | 31 | 0
Rating agency Fitch has assigned a `BBB- ' rating to the outstanding surplus notes of Lumbermens Mutual Casualty Co. (Lumbermens), the lead insurer of the Kemper Insurance Companies (KIC) group. The insurer financial strength ratings of KIC remain at `A-'. All ratings are on Rating Watch Negative. ...Read More
 
 
Fitch Rates Everest Re an A- 11/28/2001
State: Natl. | Segment: Top | 32 | 0
Fitch, the international rating agency, has assigned an 'A-' senior debt and long-term issuer rating to 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 ma...Read More
 
 
Florida to See Slight Rate Increases for 2002 11/23/2001
State: Natl. | Segment: Top | 38 | 0
According to the Miami Herald, Florida will be spared any radical increases in workers' compensation premiums this coming year, rebuking a trend in the rest of the nation. Workers' compensation insurers in Florida submit proposed rate increases to the state's insurance commissioner, who ha...Read More
 
 
Fitch Announces Ratings on Liberty Mutual 11/21/2001
State: Natl. | Segment: Top | 32 | 0
Rating agency Fitch has assigned an `A-' rating to Liberty Mutual Insurance Co.'s (Liberty Mutual) outstanding surplus notes. Fitch has also assigned an `A' long-term rating to Liberty Mutual Capital Corp. (LCC) and an `A' rating to LCC's $300 million medium-term note (MTN) program. The Rating ...Read More
 
 
Fremont General Announces Net Gain 3Q Results 11/09/2001
State: Natl. | Segment: Top | 26 | 0
Fremont General Corporation (NYSE: FMT) (the 'Company') reported net income of $15,999,000 for the third quarter of 2001. This was comprised of net income from continuing operations of $14,619,000 and an after tax gain on the extinguishment of debt of $1,380,000. On a per share basis, the Company re...Read More
 
 
Florida Self Insured Employers Get WC Refund 10/27/2001
State: Natl. | Segment: Top | 29 | 0
The trustees of the Florida Retail Federation Self Insurers Fund announce that $1 million in workers' compensation insurance premium will be returned to qualified members for the 1999 policy period. The return of premium is a reward for members who successfully reduced the number and severity...Read More
 
 
Florida Contractors Guilty of $2.7M Fraud Scheme 10/25/2001
State: Natl. | Segment: Top | 69 | 0
Two South Florida residents and two construction companies have been ordered to make restitution in the amount of $1.4 million to FCCI Mutual Insurance Co. of Sarasota for workers' compensation fraud. William D. Johnson of Miami and Debra Carman of Miami Beach each pleaded guilty to one count of ...Read More
 
 
Fitch Rates Zenith an A- 10/11/2001
State: Natl. | Segment: Top | 96 | 0 | Popular with Legal
Fitch has assigned an `A-' insurer financial strength rating to 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 assigned a long-term issuer rating o...Read More
 
 
Fitch Downgrades At. Mut. and Kemper 09/24/2001
State: Natl. | Segment: Top | 34 | 0
Fitch has downgraded the insurer financial strength (IFS) ratings of the Atlantic Mutual Companies (AMC) from `A' to `A-', and of the Kemper Insurance Companies (KIC), lead by Lumbermens Mutual Casualty Co. (Lumbermens), from `A' to `A-', and has also placed the ratings on Rating Watch Negative.A...Read More
 
 
Frontier Pacific in Conservation 09/08/2001
State: Natl. | Segment: Top | 56 | 0
Frontier Pacific Insurance Company (FPIC), based in San Diego, was placed in conservation Friday after California Insurance Commissioner Harry W. Low received a conservation order from the Superior Court of San Diego. The court found the company insolvent after an audit determined that FPIC was...Read More
 
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