The California Commission on Health and Safety and Workers' Compensation (CHSWC) announced yesterday the unanimous election of Jill A. Dulich as Chair of the Commission for 2003. Ms. Dulich, appointed by the Governor to represent employers, is Regional Director responsible for management of...Read More
Japanese companies in Southern California provided employment for 106,000 and the total payroll reached $7.33 billion for fiscal 2001 according to the results of a recent survey. The survey also reports that nearly two-thirds of Japanese companies have a positive assessment of their business perform...Read More
Sedgwick Claims Management Services, Inc. (Sedgwick CMS) announced yesterday that James A. McGee has joined the company as senior vice president, deputy director of national operations. McGee brings to his new position nearly thirty years of management and marketing experience in the claims industry...Read More
The American Insurance Association (AIA) today announced the appointment of Jeanne Cain to the position of regional vice president, western region.
Cain will lead AIA's western regional operations overseeing all state government affairs issues in the ten-state region covering Alaska, Arizo...Read More
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
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
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 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
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