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Workers' Compensation News

FL Contractor Sentenced $1M for WC Fraud 12/11/2002
State: Natl. | Segment: Top | 98 | 0
Florida Treasurer and Insurance Commissioner Tom Gallagher announced today that the owner of South Florida based Cedar Shakes Supply, Inc. and Regency Roofing has pleaded guilty to organized fraud and workers' compensation fraud. Thomas R. Torok, 54, of Lake Worth, was sentenced today by...Read More
FL Panel on Reform Called Overloaded, Biased 12/10/2002
State: Natl. | Segment: Top | 65 | 0
On Friday a state panel searching for ways to overhaul Florida's troubled workers' compensation system, presented a proposal that is intended to overhaul the state's troubled work comp system and restore some order to that market place. The Governor's Commission on Workplace Compensation Re...Read More
Floating Casino Not Covered by LHWCA 12/09/2002
State: Natl. | Segment: Top | 72 | 0
The United States Court of Appeals for the 5th Circuit has ruled that an engineer of land-based operations of a floating casino (a recreational organization) did not have the employee status required under the Longshore and Harbor Workers' Compensation Act (LHWCA), and was not injured at a "situs...Read More
Florida Coalition Promotes Reform Legislation 12/05/2002
State: Natl. | Segment: Top | 56 | 0
A Florida targeted employer/insurer coalition plan could produce $165 million annual reduction in workers' compensation system losses and insurance premiums - and probably much more, says the Florida Insurance Council. The business/insurance community coalition includes the Florida Insura...Read More
FL Ins Council Speculates on Committee Members 12/04/2002
State: Natl. | Segment: Top | 46 | 0
Bill Posey is likely to return as chairman of the Senate Banking and Insurance Committee and Leslie Waters is a good bet to be reappointed as House Insurance Committee chairman, Florida Insurance Council lobbyists said Monday. No one knows for sure, but Posey and Ms. Waters are the most of...Read More
First Health to Buy Back Up to 10M Shares 12/04/2002
State: Natl. | Segment: Top | 48 | 0
First Health Group Corp., (Nasdaq: FHCC) announced yesterday that its Board of Directors has approved the purchase by the Company of up to an additional 10,000,000 shares or approximately 10 percent of its outstanding common stock. Since September 1996, the Company has repurchased approximately 56.7...Read More
FL Agent Arrested 3rd Time for Fraud and Theft 12/03/2002
State: Natl. | Segment: Top | 54 | 0
Florida Department of Insurance fraud investigators have charged Phillip J. Sammario, 48, of P.J. Insurance Agency in Homestead, with dozens of criminal charges following an earlier arrest in October. Sammario surrendered yesterday to investigators with the department’s Division of Insurance Fraud...Read More
Fl Breeding Ground for Insurance Scams 11/26/2002
State: Natl. | Segment: Top | 89 | 0
The Coalition Against Insurance Fraud (CAIF), a national organization, warns that Florida's insurance crisis is breeding another sort of trouble for the state's insurance consumers: insurance scam artists. In its recent fall newsletter, the national Coalition Against Insurance Fraud warns ...Read More
Fitch - Terror Bill May Signal Increased Risk 11/25/2002
State: Natl. | Segment: Top | 72 | 0
Fitch Ratings commented Friday that while the passage of a much anticipated terrorism insurance bill is overall a favorable development for the U.S. economy, and benefits the insurance industry, the passage of the bill will likely have a greater impact on industries other than property/casualty insu...Read More
FCCI Pulling Out of Florida Due to Low Rates 11/19/2002
State: Natl. | Segment: Top | 58 | 0
The Sarasota Herald-Tribune reports that FCCI Insurance Group has decided that the recently approved rate increase for Florida workers' compensation isn't sufficient to keep it in the state....Read More
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