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Workers' Compensation News

FL Chamber Proposes Reform Wish List 01/13/2003
State: Natl. | Segment: Top | 65 | 0
The Florida Chamber of Commerce is offering its opinions on reform of the state's troubled work comp system. The Chamber last week unveiled its 7 page list of proposed "reforms", though they point out that any reform that will reduce premiums and increase availability will be embraced. Among...Read More
FL's Bush Commission: Eliminate Exemptions 01/13/2003
State: Natl. | Segment: Top | 145 | 0
Florida Gov. Jeb Bush's Governor's Commission on Workers' Compensation wants the Legislature to consider eliminating or drastically reducing exemptions that allow contractors to avoid paying for workers' compensation insurance. Members in the Commission's seventh meeting Thursday in Fort Mye...Read More
FL JUA Sees 46% Growth from 2001, Bad Trend 01/10/2003
State: Natl. | Segment: Top | 168 | 0
Florida's carrier of last resort has been seeing unprecedented growth, and the hard market hammers home in that state. Florida Workers' Compensation Joint Underwriting Association (JUA) is some of the most expensive workers' comp insurance available in the state, but for many businesses, it ...Read More
Fitch Gives Pan American 'A', but Unicover Haunts 01/10/2003
State: Natl. | Segment: Top | 100 | 0
Fitch Ratings has affirmed the 'A' insurer financial strength rating of Pan-American Life Insurance Co. (Pan-American). Pan-American's Rating Outlook is Stable. Pan-American's rating is supported by its conservatively structured balance sheet, specifically a strong surplus position, low op...Read More
FL PEO, Nelco, Gets Covered by First Commercial 01/09/2003
State: Natl. | Segment: Top | 233 | 0
A local Florida newspaper, the Bradenton Herald, reported yesterday that human resources service provider, Nelco Cos., based on Sixth Avenue West has secured ongoing workers' compensation coverage for its small business clients through First Commercial Insurance Co. First will continue Nelco...Read More
Fitch Downgrades 3 Kemper Underwriters 01/09/2003
State: Natl. | Segment: Top | 69 | 0
Fitch Ratings has downgraded the insurer financial strength ratings of three primary insurance underwriters of the Kemper Insurance Companies (KIC) to 'B+' from 'BBB'. Additionally, Fitch has downgraded the surplus notes issued by group member Lumbermens Mutual Casualty Company (Lumbermens...Read More
First Health Contracts for '03 Announced 01/08/2003
State: Natl. | Segment: Top | 115 | 0
Edward L. Wristen, President and Chief Executive Officer of First Health Group Corp. (Nasdaq: FHCC), announced yesterday that the Company has entered into agreements to provide services to, among others: Office Max Tire Centers LLC Omnicare, Inc. Reckitt Benckiser Watson Pharma...Read More
Fawcett SR VP Claims for Endurance Specialty 01/07/2003
State: Natl. | Segment: Top | 77 | 0
Endurance Specialty Holdings announced today that its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty), has appointed William Fawcett as Senior Vice President, Head of Claims. In his new position, Mr. Fawcett will be responsible for managing Endurance Speci...Read More
FL DWC Sets Forth Position on Reform 01/06/2003
State: Natl. | Segment: Top | 60 | 0
The Florida Division of Workers' Compensation has published a statement on their views regarding the state's workers' compensation system reform needs and goals for 2003. Stating that there is an inseparable interrelationship between medical and indemnity issues, the Division says that proc...Read More
FL 'FairCare' Proposal Picking Up Steam 01/03/2003
State: Natl. | Segment: Top | 75 | 0
The Florida Governor's Commission on Workers' Compensation (GCWC) has "conceptually" approved a number of recommendations that include some major components of the controversial FairCare reform proposal. The commission also voted to support the business/insurance coalition's proposal on construction...Read More
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