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Workers' Compensation News


 
Superior Off NASDAQ 04/11/2000
State: Natl. | Segment: Top | 124 | 0
Superior National Insurance Group Inc. withdrew its NASDAQ listing Thursday (4/06/00) because it doesn't meet NASDAQ's minimum financial requirements nor does it qualify for listing on NASDAQ's SmallCap Market....Read More
 
 

Superior National Hires Bankruptcy Lawyers 03/27/2000
State: Natl. | Segment: Top | 106 | 0
Superior National: Regulators' Takeover a Surprise AM Best has reported that Superior National Insurance Group executives have hired bankruptcy lawyers to explore possible options for the captured California workers' compensation company. While the company has no plans to seek bankruptcy, ...Read More
 
 
Study Says Comp as Bad as 20 Years Ago 03/24/2000
State: Natl. | Segment: Top | 79 | 0
Reported by IMMS 03/24/00: A recent report by the American Academy of Actuaries concludes that underwriting losses in the Workers Compensation market remain as serious as they were almost two decades ago. The study, 'The Workers Compensation System: ...Read More
 
 
Superior National Demos Cal. WC Illnesse 03/15/2000
State: Natl. | Segment: Top | 78 | 0
Published 3/15/00 by IMMS: The seizure of Superior National Insurance Group by California insurance regulators early this month has been a wake-up call for the Golden State's troubled Workers Compensation system, according to industry sources. The solvency problems of the stat...Read More
 
 
Superior National Demos Cal. WC Illnesse 03/15/2000
State: Natl. | Segment: Top | 83 | 0
Published 3/15/00 by IMMS: The seizure of Superior National Insurance Group by California insurance regulators early this month has been a wake-up call for the Golden State's troubled Workers Compensation system, according to industry sources. T...Read More
 
 
Superior Nat'l Reinsurance Deal Made 03/14/2000
State: Natl. | Segment: Top | 93 | 0
From IMMS 3/14/00: From IMMS 3/14/00: Insurance Commissioner Chuck Quackenbush has announced a 'cut-through' reinsurance agreement with Centre Insurance Co. for Superior National Insurance Cos., which Quackenbush and the state Department of Insurance seized on March ...Read More
 
 
S&P Sees Trouble Ahead 03/08/2000
State: Natl. | Segment: Top | 76 | 0
Standard & Poor's (S&P) rating service has issued a report indicating that the failure of 35 insurers nationally in 1999 is a trend that will continue in 2000 due to increasing industry competition. S&P cited the recent failures of Harvard Pilgrim HMO and the Superior National Workers...Read More
 
 
Superior Nat'l Takeover 03/03/2000
State: Natl. | Segment: Top | 96 | 0
This was reported by the WorkComp Executive Friday 3/3/00 in a series of releases. The following is a condensation of those reports: CALABASAS - The Department of Insurance on Friday 3/3/00 stepped in and seized the largest private workers' comp carrier in the state, Superior National Insurance G...Read More
 
 
Superior Nat'l Takeover 03/03/2000
State: Natl. | Segment: Top | 91 | 0
This was reported by the WorkComp Executive Friday 3/3/00 in a series of releases. The following is a condensation of those reports: CALABASAS - The Department of Insurance on Friday 3/3/00 stepped in and seized the largest private workers' comp carrier i...Read More
 
 
State Fund Healthy 02/10/2000
State: Natl. | Segment: Top | 86 | 0
WorkComp Executive reported 2/10/00: 'Standard & Poors today affirmed State Compensation Insurance Fund's 'A' rating to reflect the company's strong business position. S&P noted that State Fund is well capitalized and its main drawback is its average operating results. However,...Read More
 
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