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Workers' Compensation News

Former Pro Football Player Challenges PA WC 05/23/2002
State: Natl. | Segment: Top | 64 | 0
Associated Press reports that former professional football player for the Pittsburgh Steelers, Mitch Lyons, whose career ended Dec. 18, 1999, because of injury, is challenging Pennsylvania's workers' compensation law.Lyons claims the law is unfair to certain professional athletes. A Pennsylv...Read More
Florida Employer Charged with $1M WC Fraud 05/20/2002
State: Natl. | Segment: Top | 37 | 0
Florida Treasurer and Insurance Commissioner Tom Gallagher and Statewide Prosecutor Melanie Ann Hines announced today that the owner of a Palm Beach County roofing company has been charged with fraud for allegedly misclassifying employees on his payroll to avoid more than $1 million in workers' comp...Read More
FDA Approves Revolutionary Back Treatment 05/13/2002
State: Natl. | Segment: Top | 79 | 0
Comprehensive Backcare Center (CBC) announced that it has received FDA approval on technology that the firm has used to treat hundreds of patients with lower back conditions over the last two years. The FDA approval found the Vax-D technology both ...Read More
Fremont Sees 60% Increase in Net 05/02/2002
State: Natl. | Segment: Top | 71 | 0
Fremont General Corporation (the "Company") (NYSE: FMT) reported net income of $18,057,000 for the first quarter of 2002. This was comprised of net income from continuing operations of $17,535,000 and an after tax gain on the extinguishment of debt of $522,000. The net income from continuing operati...Read More
Federal Workers at Greater Risk than Private Secto 05/01/2002
State: Natl. | Segment: Top | 176 | 0
Federal agency employees were at greater risk to die from an occupational injury or illness than workers in "high risk," private industries in 1999, including manufacturing, poultry slaughtering and processing, industrial machinery and equipment production, according to a report released today by Ci...Read More
Florida Hospital Fees Out of Control - Study 04/05/2002
State: Natl. | Segment: Top | 165 | 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 | 74 | 0
The Workers...Read More
Fitch Rates HCC at A-; Work Comp Line Dropped 04/02/2002
State: Natl. | Segment: Top | 70 | 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 | 67 | 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 | 85 | 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
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