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Workers' Compensation News


 
Garamendi Says Issue not a Rate Increase 05/12/2003
State: Natl. | Segment: Top | 26 | 0
There was surprisingly little media coverage of California Insurance Commissioner John Garamendi's hastily announced press conference in the middle of testimony on the WCIRB's proposed rate increase, since workers' compensation is such a hot media topic this year.Late last week, the Commisio...Read More
 
 
Garamendi: Docs, Lawyers, Criminals 05/05/2003
State: Natl. | Segment: Top | 24 | 0
California Insurance Commissioner John Garamendi, as the keynote speaker at California Research Colloquium on Workers' Compensation Medical Delivery and Return-to-Work Friday, said that "all the middlemen" are going to have "to take a smaller slice of the pie" for California's workers' compensation ...Read More
 
 
Garamendi: Boot SCIF Mgmt; Alarcon, Burton Bills 05/01/2003
State: Natl. | Segment: Top | 72 | 0
California Insurance Commissioner John Garamendi Insurance Commissioner yesterday delivered a strong message to the Legislature urging them to take immediate action to avoid a complete collapse of California's workers' compensation system. Garamendi told the Assembly Insurance Committee that...Read More
 
 
Gevity HR Sees Doubling of Earnings from Last Year 04/25/2003
State: Natl. | Segment: Top | 52 | 0
Gevity HR(R) (Nasdaq: GVHR) announced yesterday earnings per share of $0.12 for the first quarter ended March 31, 2003, compared to $0.05 for the first quarter of 2002. Revenues for the first quarter of 2003 were $102.8 million, as compared with $91.1 million in the first quarter of 2002. ...Read More
 
 
Guidewire Releases New Claims Software 04/24/2003
State: Natl. | Segment: Top | 57 | 0
Guidewire Software(TM), Inc., a claims software vendor for property and casualty insurers, has announced the release of Guidewire ClaimCenter, a comprehensive property and casualty insurance claims system, designed to help insurers eliminate avoidable claims costs and improve customer service. ...Read More
 
 
Garamendi Upset With Rate Increase Statements 04/23/2003
State: Natl. | Segment: Top | 22 | 0
California Insurance Commissioner John Garamendi released this press statement late yesterday:"At Senator Brulte's news conference today, Dr. Richard B Farmer made an inaccurate and incorrect statement when he asserted that I had approved pure premium rate increases for workers' compensation...Read More
 
 
Garamendi Tells SCIF to Write Small Business 04/22/2003
State: Natl. | Segment: Top | 26 | 0
Reaffirming his instruction that it remains California's "insurer of last resort," Commissioner John Garamendi directed the State Compensation Insurance Fund (State Fund) to ease access requirements for small employers who pay $25,000 or less in estimated annual premium (EAP) seeking workers' compen...Read More
 
 
General Culpability in HIH Collapse Says Report 04/18/2003
State: Natl. | Segment: Top | 91 | 0
Reinsurer General Re Corp., which Warren Buffett's Berkshire Hathaway Inc. bought in 1998, has some culpability in the collapse of former Australian insurance Giant, HIH.According to the report, General Re had set up complex deals with HIH that HIH used to misleadingly boost profit. General...Read More
 
 
Guarantee Fund Assessments at 15 Year High 04/17/2003
State: Natl. | Segment: Top | 51 | 0
Payments by private insurers to state property/casualty guaranty funds have hit a 15-year high, spurred by increased insolvencies, according to a study by the Alliance of American Insurers. Net assessments paid by property/casualty insurers to guaranty funds totaled $735 million in 2001,...Read More
 
 
Gila Monster Fright Results in Work Comp Fraud 04/17/2003
State: Natl. | Segment: Top | 112 | 0
The keen instincts of MJM Investigations Inc.'s Fraud Prosecution Team have aided government authorities in the recent convictions of eight individuals for fraudulent workers' compensation claims, totaling over $200,000 in savings to MJM's clients. Such was the case for Ron Mason, a delive...Read More
 
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