Fremont General Corporation (the "Company") (NYSE: FMT) reported net income of $18,057,000 for the first quarter of 2002. This was comprised of net income from continuing operations of $17,535,000 and an after tax gain on the extinguishment of debt of $522,000. The net income from continuing operati...Read More
Federal agency employees were at greater risk to die from an occupational injury or illness than workers in "high risk," private industries in 1999, including manufacturing, poultry slaughtering and processing, industrial machinery and equipment production, according to a report released today by Ci...Read More
Despite having the lowest fee schedule of 40 states, Florida's medical payments per claim are near the average of eight large states.
While prices for many non-hospital services are the lowest among the eight study states, Florida's hospitals receive the highest prices among these states f...Read More
Fitch Ratings has assigned a 'A-' long-term issuer and 'A-' senior debt rating to HCC Insurance Holdings, Inc. (HCC). The Rating Outlook is Stable.
The ratings are based on HCC's market position in a number of specialty insurance segments, as well as the company's strong capital position a...Read More
Fitch Ratings has downgraded the ratings of the Royal & SunAlliance USA insurance subsidiaries from 'A+' to 'A' and removed the ratings from Rating Watch Negative. The Rating Outlook is Stable.
The ratings have been on Rating Watch Negative since February 2002 when Royal & SunAlliance USA's...Read More
Standard and Poor's said today it assigned its triple-'B'-minus counterparty credit rating to managed care company First Health Group Corp. because of its strong operating performance, excellent cash flow, and fixed-charges coverage ratio of 15 times, offset by weakness in its balance sheet, high de...Read More
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Fremont General Corporation (NYSE: FMT) (the 'Company') has granted exclusive negotiating rights to Employers Insurance Company of Nevada, A Mutual Company ('EICN'), to acquire the on-going business, organization and facilities of its workers' compensation insurance operation ('Fremont Comp'). The C...Read More
Fitch Ratings has upgraded to 'BBB' from 'BBB-' the insurer financial strength rating on the Sierra Insurance Group (SIG), which includes the following operating companies: California Indemnity Insurance Company, Commercial Casualty Insurance Company, Sierra Insurance Company of Texas, and CII Insur...Read More
Fitch expects to assign 'BBB-' ratings to Ohio Casualty Corporation's (Ohio Casualty) announced $125 million private offering of senior convertible notes. Proceeds from the offering will be utilized to refinance existing bank debt. Assignment of these ratings assumes no material change in terms and ...Read More