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Workers' Compensation News


 
Firemen's Fund Downgraded by A.M. Best 08/31/2001
State: Natl. | Segment: Top | 120 | 0 | Popular with Insurance
The financial strength rating of Fireman's Fund Insurance Companies (FFIC), Novato, California has been downgraded by A.M. Best Co. from A++ (Superior) to A (Excellent). A.M. Best says that they are concerned with the treatment of FFIC as a core subsidiary of the Allianz A. G., Munich, German...Read More
 
 
Florida Rate Increase Recommended at 7.2% 08/28/2001
State: Natl. | Segment: Top | 54 | 0
The National Council on Compensation Insurance, Florida's rate advisory body, has recommended a statewide average 7.2 percent rate hike for Florida's work comp policyholders next year. The proposed hike includes a 4.7 percent rise for carriers' experience, trend, and benefit changes, 0.8 percent for...Read More
 
 
Fremont Posts Gain on Financial Services; WC Down 08/13/2001
State: Natl. | Segment: Top | 53 | 0
Fremont General Corporation (NYSE: FMT) (the 'Company') reported net income of $14,813,000 for the second quarter of 2001. This was comprised of net income from continuing operations of $14,284,000 and an after tax gain on the extinguishment of debt of $529,000. On a per share basis, the Company rep...Read More
 
 
Farmers Adjusters Win $90 Million Verdict 07/12/2001
State: Natl. | Segment: Top | 80 | 0
In widely reported news yesterday, Farmers Insurance Exchange got dealt a $90 million judgment in a class-action lawsuit on behalf of claims examiners on the claim that the carrier for years cheated them out of overtime pay. The judgment, by an Alameda County Superior Court jury in Bell vs. Fa...Read More
 
 
Final Hospital Cost Outlier Regs Implemented 06/08/2001
State: Natl. | Segment: Top | 54 | 0
The Department of Industrial Relations has released the final regulations regarding reimbursement methodology for cost outlier cases; DRG weights to fiscal year 2001 levels established by the Health Care Financing Administration (HCFA); and the individual 'composite factors' based on HCFA's Hospital...Read More
 
 
Fitch Raises Rating on Sierra Insurance Group 05/20/2001
State: Natl. | Segment: Top | 60 | 0
Insurance rating service, Fitch, has upgraded to `BBB-` from `BB+' the insurer financial strength rating on the Sierra Insurance Group (SIG), a wholly owned workers' compensation subsidiary of Sierra Health Services Inc. (NYSE:SIE). The Rating Outlook was revised from Negative to Stable. T...Read More
 
 
Fremont Announces Improved 1Q, Clarendon Deal 05/12/2001
State: Natl. | Segment: Top | 56 | 0
Fremont General Corporation (NYSE: FMT) (the 'Fremont') reported today net income of $14,518,000 for the first quarter of 2001. This was comprised of net income from continuing operations of $12,082,000 and an after tax gain on the extinguishment of debt of $2,436,000. On a per share basis, Fremont ...Read More
 
 
Florida Reform Pending & Controversial 04/30/2001
State: Natl. | Segment: Top | 44 | 0
Florida weighs new measures to try and control rising workers...Read More
 
 
Fitch Affirms The Travelers Rating 04/24/2001
State: Natl. | Segment: Top | 48 | 0
Insurance rating service, Fitch, has affirmed its financial strength ratings for the members of Travelers Insurance Property & Casualty businesses. The Fitch Rating Outlook is ...Read More
 
 
Federal Medical Privacy Regs Delayed 03/17/2001
State: Natl. | Segment: Top | 63 | 0
Sweeping federal governmental regulation of patient-privacy rules have been delayed until at least mid-April.The Clinton administration failed to provide Congress with the final rules intended to prevent the insurance industry and the medical profession from sharing confidential medical info...Read More
 
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