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Workers' Compensation News

SB 1829 Amended - Rehab Settlement $12K 04/03/2002
State: Natl. | Segment: Top | 66 | 0
In a complete reversal, SB 1829, the bill introduced by California Senator Richard Polanco, was amended on 4/1 to provide that payment for the one time settlement of a vocational rehabilitation case may be up to $12,000, up from the original $5000, and existing law (yet to be effective) of $10,000 ...Read More
Sedgwick Awarded Accreditation by URAC 03/28/2002
State: Natl. | Segment: Top | 138 | 0
Sedgwick Claims Management Services, Inc. (Sedgwick CMS) announced that it has been awarded accreditation in both Case Management Organization and Workers' Compensation Utilization Management by URAC (also known as the American Accreditation HealthCare Commission). URAC accreditation confi...Read More
S&P Puts Kemper on CreditWatch 03/26/2002
State: Natl. | Segment: Top | 61 | 0
Standard & Poor's said yesterday it placed its single-'A' counterparty credit and financial strength ratings on the members of property/casualty insurer Kemper Insurance Cos. Intercompany Pool on CreditWatch with negative implications following fourth-quarter developments which contributed to in...Read More
Status on NCCI Catastrophe Provision 03/22/2002
State: Natl. | Segment: Top | 76 | 0
This week the NCCI announced the status of its proposed catastrophe provision applicable to 2002 rate filings, and retro-effective 1/1/02. NCCI had recently filed with regulators in NCCI states (and recommended to most independent rating bureaus) countrywide Item Filing B-1377...Read More
Swiss Re-Market to Harden More; WC Up 15% 03/14/2002
State: Natl. | Segment: Top | 46 | 0
The next 18 months will present many challenges to the insurance/reinsurance industry. Businesses and consumers will be examining closely their current coverages, taking a long look at value versus cost. That was the determination from Swiss Re executives discussing key industry issues at the annual...Read More
SCIF Ergonomics Program Fully Staffed 03/12/2002
State: Natl. | Segment: Top | 61 | 0
State Compensation Insurance Fund (SCIF), California...Read More
Self-Insured Forum Set for May in New Orleans 03/05/2002
State: Natl. | Segment: Top | 59 | 0
The Self-Insurance Institute of America, Inc. has scheduled its Fourth Annual Self-Insured Workers' Compensation Executive Forum for May 19-21, 2002, in New Orleans. This annual forum focuses exclusively on self-insured workers' compensation programs, both for group funds (SIFs) and indiv...Read More
Swiss Re Negative Earnings; Pays Dividend 02/27/2002
State: Natl. | Segment: Top | 86 | 0
Swiss Re reports a highly successful 2002 renewal, with a substantial improvement in prices and conditions. Given the unprecedented large losses in 2001, including the 11 September event, and the decline in the investment environment, Swiss Re expects to report a small loss for 2001 in the range of ...Read More
SHRM Appoints New President & CEO 02/26/2002
State: Natl. | Segment: Top | 60 | 0
The Society for Human Resource Management (SHRM) is proud to announce the selection of Susan R. Meisinger, SPHR, as new President & CEO of the organization. SHRM is the world's largest human resource management association, representing more than 165,000 human resource professionals in more than 70 ...Read More
Seaman Gets $5.1M in Jones Act Case vs. Exxon 02/22/2002
State: Natl. | Segment: Top | 169 | 0
The Associated Press reported yesterday that a Los Angeles Superior Court jury awarded $5.1 million to a former merchant marine, against Exxon Mobil Corp., as compensation for bladder and prostate cancer he claimed was the product of toxic fumes emitted by crude oil on the ships he worked. Aft...Read More
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