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Workers' Compensation News


 
PN Police Chief Guilty of Theft 06/10/2003
State: Natl. | Segment: Top | 91 | 0
A former Pennsylvania police chief who last year received a sentence for workers' compensation fraud, has now pleaded guilty to stealing more than $10,000 as well. Peter D. Messina, 68, t...Read More
 
 
PMA Capital Closes $50M Debt Offering 06/06/2003
State: Natl. | Segment: Top | 66 | 0
PMA Capital Corporation (NASDAQ:PMACA) reported yesterday that it has completed its previously announced $50 million offering of 8.50% monthly income senior notes due June 15, 2018. PMA Capital intends to use the net proceeds of approximately $48 million from the offering to repay the rema...Read More
 
 
PMA Capital Prices Notes; 8.5%, 15 years 05/30/2003
State: Natl. | Segment: Top | 56 | 0
PMA Capital Corporation (NASDAQ:PMACA) reported yesterday that it has priced its previously announced $50 million offering of 8.50% monthly income senior notes due June 15, 2018. PMA Capital anticipates that the transaction will close on Thursday, June 5, 2003. PMA Capital intends to use ...Read More
 
 
Price, Rentention Biggest Public Risk Issues 05/23/2003
State: Natl. | Segment: Top | 162 | 0
Public risk managers said that price, increased self-insured retentions and coverage were the biggest challenges they face over the next year, according to a survey conducted in April 2003 by Munich-American RiskPartners, a division of American Re-Insurance Company and the Public Risk Management Ass...Read More
 
 
PMA Uses $15M Debt to Pay Down Credit Facility 05/23/2003
State: Natl. | Segment: Top | 92 | 0
PMA Capital Corporation (NASDAQ:PMACA) announced yesterday that it has privately placed $15 million of 30-year floating rate trust preferred securities through a wholly owned statutory trust subsidiary. The interest rate on these securities will equal the three-month LIBOR plus 4.20%, and ma...Read More
 
 
Penn Nat'l Implements .NET Quoting Tool 05/23/2003
State: Natl. | Segment: Top | 75 | 0
Penn National Insurance, a property-casualty insurance provider since 1919, has partnered with Rackley Systems, Inc., to bring its agents a state-of-the-art .NET Web rating tool. Provided as an additional feature of the company's popular PennConnect(R), which is the agency extranet of the ...Read More
 
 
PMA Capital Appoints Board, Increases Shares 05/22/2003
State: Natl. | Segment: Top | 37 | 0
PMA Capital (NASDAQ:PMACA) announced that at its Annual Meeting of Shareholders held yesterday, PMA Capital's shareholders voted in favor of all proposals. The shareholders voted to elect Frederick W. Anton III, Joseph H. Foster, James F. Malone III, and L.J. Rowell, Jr. as directors, increase the a...Read More
 
 
PMA Capital Places $15M in 30 Year Notes 05/21/2003
State: Natl. | Segment: Top | 24 | 0
PMA Capital Corporation (NASDAQ:PMACA) announced yesterday that it recently executed an agreement for the private placement sale of $15 million of 30-year floating rate trust preferred securities through a wholly owned statutory trust subsidiary. The interest rate on these securities will equal the ...Read More
 
 
PMA Capital Says it Will Raise $50M in Debt 05/20/2003
State: Natl. | Segment: Top | 36 | 0
PMA Capital Corporation (NASDAQ:PMACA) announced yesterday that it is seeking to raise $50 million through a public offering of monthly income senior notes. A shelf registration statement relating to these and other securities was filed and declared effective by the Securities and Exchange Commissio...Read More
 
 
PAULA Reports Increased Net, SCIF Impact Plan 05/15/2003
State: Natl. | Segment: Top | 73 | 0
PAULA Financial (Nasdaq:PFCO) yesterday announced net income for the first quarter of 2003 of $0.05 per share compared to $0.03 per shares for the 2002 period. Total revenue for the first quarter of 2003 was $4.6 million compared to $3.3 million for the 2002 period. Total pre-tax income from continu...Read More
 
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