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Workers' Compensation News


 
Florida Hospital Fees Out of Control - Study 04/05/2002
State: Natl. | Segment: Top | 149 | 0
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
 
 
Free Oregon Education Seminar 04/04/2002
State: Natl. | Segment: Top | 63 | 0
The Workers...Read More
 
 
Fitch Rates HCC at A-; Work Comp Line Dropped 04/02/2002
State: Natl. | Segment: Top | 65 | 0
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 Downgrades Royal & SunAlliance 03/29/2002
State: Natl. | Segment: Top | 62 | 0
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
 
 
First Health Gets BBB- From S&P 03/22/2002
State: Natl. | Segment: Top | 70 | 0
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
 
 
Fremont Exits Nevada; Focus on Financial Services 03/20/2002
State: Natl. | Segment: Top | 58 | 0 | Popular with Legal
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 Upgrades Sierra Financial Strength 03/19/2002
State: Natl. | Segment: Top | 58 | 0
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 Rating on Ohio Casualty Notes 03/14/2002
State: Natl. | Segment: Top | 53 | 0
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
 
 
Fremont Asking for Fee Waivers Despite Solvency 03/13/2002
State: Natl. | Segment: Top | 40 | 0
A.M. Best reports that Fremont Compensation Insurance Group has asked for waivers to their annual assessments to guaranty funds from virtually every state in which they operate. Fremont is under regulatory supervision in its home state of California and though the company said it has more th...Read More
 
 
Florida Rate Hearing Concludes 03/12/2002
State: Natl. | Segment: Top | 54 | 0
Ratemaking body NCCI announced that the Florida rate appeal hearing that began on February 25, 2002 before Judge Florence Rivas of the Division of Administrative Hearings was concluded on March 1, 2002. NCCI had proposed a rate increase of 8% to take effect January 1, 2002. The Florida Insur...Read More
 
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