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Workers' Compensation News

Jury Says Union Carbide Liable for Asbestos 10/25/2002
State: Natl. | Segment: Top | 28 | 0
Union Carbide was found liable Thursday by a jury for exposing West Virginia workers to asbestos over the course of 35 years. The plaintiffs' lawyer, Scott Segal, says that the verdict will permit another 2,000 plaintiffs to pursue their case against the company as liability will no longer...Read More
James Kemper, Jr. Dead at 88 07/09/2002
State: Natl. | Segment: Top | 43 | 0
The following obituary was released by Kemper Insurance Company yesterday:James S. Kemper, Jr., the former head of the Kemper Insurance Companies who transformed the mutual insurance company his father founded in 1912 into a major financial services complex, died yesterday at the age of 88....Read More
Jockey Pleads Guilty to Fraud; Sentenced and Fined 07/31/2001
State: Natl. | Segment: Top | 96 | 0
As a result of an investigation by the California Department of Insurance (CDI) Fraud Division, an Orange County jockey pled guilty to workers...Read More
John Hancock Sued in Unicover Scandal 02/18/2000
State: Natl. | Segment: Top | 135 | 0
Credit General Insurance Co. has filed suit against John Hancock Financial Services Inc. seeking $10 million in compensatory damages for past-due claim payments from John Hancock as well as a plea for $560 million in punitive damages. John Hancock earlier this month said that it expects t...Read More
John Hancock and Lincoln Nat'l - Unicover Charges 01/24/2000
State: Natl. | Segment: Top | 173 | 0
IMMS 1/24/00: John Hancock Mutual Insurance Co. faces a $134 million fourth-quarter charge to cover its exposure to Workers Compensation reinsurance business, including the Unicover pool. Lincoln National Corp. will take fourth-quarter charges of $53 million, $40 million of which is relat...Read More
John Hancock Reinsurance Entanglement 01/11/2000
State: Natl. | Segment: Top | 179 | 0
IMMS 01/13/00John Hancock Mutual Life Insurance Co. (Hancock) faces potential losses of more than $1 billion under the controversial Unicover Workers Compensation reinsurance program. According to Paine Webber analyst Alice Schroeder, Hancock faces gross exposure of up to $1.05 billion on Workers C...Read More
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