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Workers' Compensation News


 
Nevada Contractors Says First Report Critical 10/03/2002
State: Natl. | Segment: Top | 104 | 0
The key to managing workers' compensation claims is getting a detailed and accurate first report of the accident and sticking with it, says Nevada Contractors Insurance. "The first report is the best report," said Dan Schwartz, an attorney who litigates claims for Nevada Contractors Insura...Read More
 
 
NY Structured Settlement Bill Signed into Law 09/26/2002
State: Natl. | Segment: Top | 65 | 0
New York Governor George Pataki (R) last week signed into law the structured settlement bill that will make it more difficult for structured settlement recipients to become unwitting victims of unscrupulous factoring companies.The bill, sent to the Governor's desk ...Read More
 
 
NCCI Appoints New President and CEO 09/17/2002
State: Natl. | Segment: Top | 103 | 0
The board of directors of NCCI Holdings, Inc. yesterday announced the appointment of Stephen J. Klingel as President and Chief Executive Officer of the company. Mr. Klingel, 51, is currently Senior Vice President - Commercial Lines, with The St. Paul companies, headquartered in St. Paul, M...Read More
 
 
NAIC Appoints Market Conditions Work Group 09/13/2002
State: Natl. | Segment: Top | 48 | 0
Due to the stress of current market conditions the Property and Casualty Insurance Committee of the National Association of Insurance Commissioners (NAIC) yesterday appointed a new Market Conditions Working Group to monitor the most distressed lines of business, formulate solutions and propose regul...Read More
 
 
New Work Comp Terrorism Model Introduced 09/13/2002
State: Natl. | Segment: Top | 153 | 0
EQECAT Inc., an ABS Consulting company, yesterday announced the release of a full probabilistic model for terrorism risk assessment for use by insurers and reinsurers. "We believe the EQECAT terrorism model to be the only model currently available that is fully probabilistic and covers all r...Read More
 
 
N. Dakota Man Gets Dueling Comp Fraud Charge 09/12/2002
State: Natl. | Segment: Top | 47 | 0
Myron Wittwer, of Bottineau, North Dakota, doing business as Mike's Handyman Services, has been charged with two felony fraud charges by the Bottineau County States Attorney's office. One charge is for filing a false statement and the other is for failing to secure workers' compensation coverage o...Read More
 
 
NCCI Regional Affiliate Meetings in September 08/29/2002
State: Natl. | Segment: Top | 46 | 0
The National Council on Compensation Insurance (NCCI) will be holding regional affiliate meetings next month in Newark, NJ, Chicago, IL and Los Angeles, CA next month. These meetings will review:- Greater demands than ever before on the insurance industry- Continued growth in the...Read More
 
 
NY Immigrants Testify System Discriminatory 08/27/2002
State: Natl. | Segment: Top | 68 | 0
Newsday (New York, NY), a consistent critic of the New York Workers' Compensation Board, reported last week that hundreds of immigrant workers were organized for testimony before officials from Mexico and human rights groups regarding allegations that the state is improperly delaying and denying the...Read More
 
 
New Receiver Director Appointed for Transit Casual 08/27/2002
State: Natl. | Segment: Top | 50 | 0
Brian Long, Missouri's state budget director, will take over daily operations of the Transit Casualty Co. receivership Sept. 3, Department of Insurance (MDI) Director Scott B. Lakin said yesterday. Long, 42, will oversee the transfer of Transit's main offices from Southern California to Mis...Read More
 
 
NCCI Proposes FL Rate Increase of 21.5% 08/26/2002
State: Natl. | Segment: Top | 53 | 0
On Friday, August 23, 2002, rate making agency NCCI delivered its annual workers' compensation rate filing for the Florida voluntary market. These rates, which are proposed to be effective January 1, 2003, reflect an increase of 21.5% from the current rates that became effective August 1, 2002....Read More
 
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