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Workers' Compensation News

RI Club Had no Comp - Owners Face Jail, Fines 03/11/2003
State: Natl. | Segment: Top | 97 | 0
Since the February 20th fire that raced through The Station nightclub in Rhode Island where almost 100 people died, employee victims and survivors of employees at least could count on workers' compensation to cover some of the financial loss, if club owners had secured the mandatory coverage....Read More
Royal/SunAlliance Y02 Loss = $364M, P&C Okay 03/07/2003
State: Natl. | Segment: Top | 60 | 0
Royal & Sun Alliance Insurance Group plc (NYSE: RSA; LSE: RSA), the parent of Royal & SunAlliance USA, yesterday reported a Group operating result of $364 million for the year ended December 31, 2002, compared with $26 million for 2001 (226 million and 16 million pounds, respectively, on a UK re...Read More
Rating Agencies Hammer Kemper After News 03/06/2003
State: Natl. | Segment: Top | 64 | 0
Kemper's announcement yesterday that it lost $312 million in 2002 and was selling its core business to focus on claims management services was not well received by any of the financial rating services. Fitch, Standard & Poor's and Moody's all lowered the company's ratings yesterday following...Read More
Restrepo New Chairman of AIA 03/04/2003
State: Natl. | Segment: Top | 105 | 0
Robert P. Restrepo, Jr. is the new chairman of the Board of Directors of the American Insurance Association (AIA). Restrepo is President and Chief Executive Officer of Allmerica Property & Casualty Companies, Inc. "We are very happy to have Bob Restrepo ascend to the AIA chairmanship," says...Read More
Reed Holdings Makes Key Acquisition 02/28/2003
State: Natl. | Segment: Top | 73 | 0
Reed Holdings Corporation (Other OTC:RDHC) yesterday announced the acquisition of World's Best Values, Inc (WBV) Merit Island, Florida. World's Best Values, Inc. is a marketing firm specializing in marketing proprietary hospital supply chain management software on an ASP platform. This acq...Read More
RI Fraud Unit Report Shows Big Activity Increase 02/27/2003
State: Natl. | Segment: Top | 66 | 0
The Rhode Island Workers' Compensation Fraud Prevention Unit has issued its annual report on the year 2002, noting a huge increase in activity for the department. The year 2002 marked the first full year of the new "Business Sweep Program." The program involves the Unit investigators in fi...Read More
Roundup of New Agency, Commission Heads 02/21/2003
State: Natl. | Segment: Top | 68 | 0
New agency and commission heads have been appointed in the several jurisdictions. Show below is background on these new leaders from their agency news releases, as compiled by the International Association of Industrial Accident Boards and Commissions (IAIABC). Arkansas Ola...Read More
RI Trims Own WC Case with Tree Business 02/19/2003
State: Natl. | Segment: Top | 64 | 0
A Cranston, Rhode Island, man who was a material handler at a grain store claimed that he sustained a lumbosacral strain and hernia in February 1998. He began collecting workers' compensation benefits immediately for a temporary partial disability. In 1999, he was observed becoming involved w...Read More
Richard Smith Appointed Chair of TWCC 02/18/2003
State: Natl. | Segment: Top | 48 | 0
Associated Press reports that Richard Smith of Bryan, Texas, has been designated as the chair of the Texas Workers Compensation Commission by recently elected Gov. Rick Perry. Smith, who has been a board member since last year, is also the president and chief executive officer of a real es...Read More
Rockport Health Announces Record Revenues 02/18/2003
State: Natl. | Segment: Top | 87 | 0
Rockport Healthcare Group Inc. (OTCBB:RPHL), a healthcare providers and medical suppliers management company that serves employees with work-related injuries and illnesses, announced its third consecutive profitable quarter and record revenue for its third fiscal quarter and nine-month period ended ...Read More
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