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Workers' Compensation News


 
Fitch Reports P&C Outlook Still Negative 01/21/2003
State: Natl. | Segment: Top | 144 | 0
Highlighting the questions on profitability and reserves, Fitch Ratings last week noted that the commercial line and reinsurance sectors of the domestic property/casualty insurance industry faces greater uncertainty than personal lines, according to a new report published by the ratings agency. In i...Read More
 
 
FL GCWC Reform Plan Includes FairCare, Others 01/17/2003
State: Natl. | Segment: Top | 95 | 0
The Florida Governor's Commission on Workers' Compensation (GCWC) is entering the final stages of its deliberations on workers' comp reform as it prepares to submit its report to the Legislature by January 31. The final report is expected to contain elements of the FairCare plan as well as provision...Read More
 
 
Fitch Upgrades Sierra Health Rating 01/17/2003
State: Natl. | Segment: Top | 61 | 0
Fitch Ratings has upgraded to 'BBB' from 'BBB-' the insurer financial strength ratings on Sierra Health Services' (SIE) two primary health insurance subsidiaries, Health Plan of Nevada (HPN) and Sierra Health & Life Insurance Company (SHL). The Rating Outlook has been revised to Stable from Positive...Read More
 
 
Fair Isaac Division Buys Managed Care Line 01/16/2003
State: Natl. | Segment: Top | 134 | 0 | Popular with Legal
The SSI Group, Inc., a healthcare claims processing provider, has announced the acquisition of its managed care product line by Bridium, Inc., an Atlanta firm that offers software products/technology services to the property and casualty insurance industry. Announcing the sale, Bobby Smith...Read More
 
 
Fair Isaac Buys Ward NA's Bill Review Business 01/15/2003
State: Natl. | Segment: Top | 106 | 0
Fair, Isaac and Company, Incorporated (NYSE:FIC), a provider of analytics and decision technology, yesterday announced that it has acquired the medical bill review business of Spectrum Managed Care, a wholly owned subsidiary of San Diego-based Ward North America Holding, Inc. The asset acquisition w...Read More
 
 
Fresno Council to Debate Reduction of TD Rate 01/14/2003
State: Natl. | Segment: Top | 84 | 0
The Fresno Bee reports that the the Fresno City Council will debate tonight whether to reduce a supplement the city pays to injured workers on top of workers' compensation benefits for the city's 3,620 employees. Currently, injured city workers receive 85% of their base pay tax-free. Some ...Read More
 
 
FL Chamber Proposes Reform Wish List 01/13/2003
State: Natl. | Segment: Top | 62 | 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 | 144 | 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 | 167 | 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 | 99 | 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
 
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