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Workers' Compensation News

Leavitt Puts Pressure on Legislature Against WCF 11/03/2003
State: UT | Segment: Top | 273 | 0 | Popular with Legal
Gov. Mike Leavitt joined Utah's four other elected executive officers Thursday to underscore their opposition to the privatization of Utah's Workers Compensation Fund (WCF). A couple of weeks ago, WCF officials sued the state for a declaration as to who owns what of the Fund. WCF officials s...Read More
Liberty Mutual Closes $550M Prudential Deal 11/03/2003
State: NA | Segment: Top | 298 | 0
Liberty Mutual Group friday announced the closing of its approximately $550 million purchase of Prudential Financial, Inc.'s (NYSE: PRU) U.S. personal lines property and casualty operations. "This furthers Liberty Mutual's growth strategy in a consolidating personal insurance marketplace,"...Read More
Liberty Mutual Will Sponsor Spanish Cycling Team 10/30/2003
State: NA | Segment: Top | 190 | 0
Liberty Mutual Group yesterday announced that it will become the lead sponsor of Spain's oldest, most successful professional cycling team and one of the top 10 teams in the world. The company agreed to a five-year deal beginning with the 2004 season. Financial terms were not disclosed....Read More
Liberty Mutual Boosts Asbestos Reserves $405M 10/21/2003
State: NA | Segment: Top | 278 | 0
Liberty Mutual Insurance Co. announced that it is adding $405 million to its gross asbestos reserves for the third quarter.According to the company, the reserve increase amounts to $331 million net of reinsurance recoveries and $215 million after tax, bringing Liberty Mutual's total net asb...Read More
Liberty Mutual Rating Unchanged Per A.M. Best 10/20/2003
State: NA | Segment: Top | 282 | 0
A.M. Best Co. has announced the current financial strength and debt ratings of the Liberty Mutual Insurance Companies (Liberty Mutual) (Boston) remain unchanged following the group's announcement of the results of a ground-up asbestos study and summary update on year-to-date business performance....Read More
Lawsuit Filed By Shepard vs State Auto Dismissed 10/17/2003
State: NA | Segment: Top | 401 | 0
A U.S. District Court judge dismissed Wednesday a lawsuit filed by State Auto Financial Corporation (NASDAQ:STFC) investor Gregory M. Shepard and his wholly owned company ("Shepard"). It was alleged that directors of STFC and its parent company, State Automobile Mutual Insurance Company ("SA...Read More
Live Webcast of AIG Investor Meeting 10/29 10/16/2003
State: NA | Segment: Top | 244 | 0
American International Group, Inc. (AIG) is providing a live audio-only webcast of its Investor Meeting on Wednesday, October 29. The morning sessions will begin at 8:30 a.m. EST with opening remarks from AIG Chairman M. R. Greenberg, followed by presentations by AIG senior management that w...Read More
Labor Ready Reports Strong 3rd Qtr Earnings 10/15/2003
State: NA | Segment: Top | 128 | 0
Labor Ready, Inc. (NYSE:LRW) reported yesterday that revenue for the third quarter ended September 26, 2003 rose 1.4% to $254.5 million compared to revenue of $250.9 million a year earlier. Net income increased 22% to $10.3 million or $0.22 per share, compared to net income of $8.5 million o...Read More
Liberty Mutual Claims Mgr Sentenced, $1.7M Fraud 10/10/2003
State: NJ | Segment: Top | 224 | 0
A former Liberty Mutual claims manager in New Jersey, who sent relatives $1.7 million over the years, was sentenced yesterday in U.S. District Court in Trenton to 40 months in prison, and restitution of the stolen money. Barbara Ruggiero, 46, of Voorhees, NJ, pleaded guilty to mail fraud on...Read More
LAPD Arrest One Of Its Own for Comp Fraud 10/08/2003
State: CA | Segment: Top | 234 | 0
The Los Angeles Police Department arrested one of its own members Friday after the Los Angeles County District Attorney filed felony workers' compensation fraud charges against a North Hollywood Division detective. 40 year-old Detective Rocky E. Sherwood of North Hills was charged with one ...Read More
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