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Workers' Compensation News

Fitch Rating on Ohio Casualty Notes 03/14/2002
State: Natl. | Segment: Top | 63 | 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 | 52 | 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 | 72 | 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
Florida Woman Busted on Fraud - Didn't Like Work 03/08/2002
State: Natl. | Segment: Top | 47 | 0
A 39-year-old Florida woman was arrested and free after posting bail on Tuesday after being charged in an alleged workers...Read More
Final 09/11 Federal Victim Fund to be Announced 03/08/2002
State: Natl. | Segment: Top | 96 | 0
Under final regulations to be announced today, surviving dependents of 9/11 victims will get an estimated extra $50,000 per survivor from the federal compensation fund than what was previously proposed. The average family will receive about $1.7 million over the course of life time payments,...Read More
French Employers Lose Asbestos Battle 03/05/2002
State: Natl. | Segment: Top | 67 | 0
Business Insurance Wire reports that France's highest court, the Court of Cassation, has ruled that 29 companies that were contesting their liability for asbestos claims must in fact compensate their former employees for asbestos related illnesses. The employers involved in the various laws...Read More
Florida Reform Progresses - AIA Pleased 02/26/2002
State: Natl. | Segment: Top | 64 | 0
A workers compensation reform bill unanimously passed out of the Florida House Insurance Committee Feb. 20 is a significant step toward turning around the state's troubled insurance market, but still needs additional work, according to the Alliance of American Insurers. The measure voted upon...Read More
Federal Work Comp Conference Set 02/25/2002
State: Natl. | Segment: Top | 65 | 0 | Popular with Medical
The 4th Annual Federal Workers' Compensation Conference has been scheduled to take place August 18-20, 2002 in Dallas, TX at the Wyndham Anatole, announced conference organizers last week. The mission of the 4th Annual Federal Workers...Read More
First Health 2001 Results Up 20% 02/20/2002
State: Natl. | Segment: Top | 71 | 0
First Health Group Corp. (Nasdaq: FHCC), announced yesterday the results of operations for the fourth quarter and year ended December 31, 2001, which includes the results from the Company's acquisition of CCN Managed Care effective August 16, 2001. Diluted earnings per share (EPS) and net incom...Read More
Florida Rate Hikes and Reform Top Issues 02/12/2002
State: Natl. | Segment: Top | 62 | 0
While the California workers...Read More
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