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Workers' Compensation News

S&P Downgrades Harleysville to 'BBB', Stable 05/21/2003
State: Natl. | Segment: Top | 25 | 0
Standard & Poor's Ratings Services said yesterday that it lowered its counterparty credit and senior debt rating on Harleysville Group Inc. (HGI) to 'BBB' from 'BBB+'. The outlook is stable. Concurrently, Standard & Poor's assigned its preliminary 'BBB' senior debt, 'BBB-' subord...Read More
S&P Affirms Hartford's 'A-', Stable Outlook 05/21/2003
State: Natl. | Segment: Top | 73 | 0
Standard & Poor's Ratings Services said yesterday that it removed from CreditWatch and affirmed its 'A-' long-term counterparty credit and senior debt ratings on The Hartford Financial Services Group Inc. (NYSE:HIG) and its 'AA-' counterparty credit and financial strength ratings on HIG's operating ...Read More
Sierra Health Files for Public Sale of $115M Debt 05/21/2003
State: Natl. | Segment: Top | 23 | 0
Sierra Health Services Inc. (NYSE:SIE) late yesterday announced that it has filed a registration statement with the Securities and Exchange Commission to register its 2 1/4% senior convertible debentures due 2023 and the underlying shares of common stock for resale by the debenture holders. ...Read More
Senator Hatch Introduces Draft Asbestos Legislatio 05/21/2003
State: Natl. | Segment: Top | 38 | 0
Senate Judiciary Committee Chairman Orrin Hatch (R-Utah) inserted draft asbestos litigation management legislation in the Congressional Record May 19 for review by Senate colleagues. Hatch, who wants to set up a $108 billion national trust fund to pay asbestos claims, suggested using the medical st...Read More
Six New York Fraud Cases Head for Prosecution 05/21/2003
State: Natl. | Segment: Top | 98 | 0
District Attorney of Nassau County, New York, Denis Dillon, along with the New York State Insurance Department, the State Insurance Fund and the Inspector General of the Workers' Compensation Board, yesterday announced the arrests of six individuals for insurance fraud resulting in the theft of thou...Read More
SCIF's Koren to Present at Insurance Forum 5/22 05/19/2003
State: Natl. | Segment: Top | 38 | 0
The Ninth Annual Insuring the Children Forum, set for May 22, at The California Club in Los Angeles, will be focused on the topic, "The Future of This Industry".Renee Koren, vice president of the State Compensation Insurance Fund, will present on a panel along with Jeff Post, president & CEO...Read More
SCIF to Mail New Notice Posters to Policyholders 05/16/2003
State: Natl. | Segment: Top | 112 | 0
California's State Compensation Insurance Fund announced yesterday that English and Spanish versions of the Notice to Employees (SCIF forms 13708 and 13709) have been completely revised to meet new state law requirements. State Fund is mailing free copies of the newly revised notices to poli...Read More
SB 228, Tied to SB 229, Moving Forward, Supported 05/14/2003
State: Natl. | Segment: Top | 106 | 0
California Senate Bill 228 (Alarcon, D- Van Nuys), which will limit medical treatment reimbursement levels to 120% of Medicare, among other provisions, is moving forward with a recent amendment tying the bill to a completely gutted and restructured SB 229 being pushed through by Senator John Burton ...Read More
San Bernardino Man Arrested - Working on TTD 05/13/2003
State: Natl. | Segment: Top | 53 | 0 | Popular with Legal
Investigators from the San Bernardino County, CA, District Attorney's Office arrested a Fontana man suspected of Grand Theft and Workers' Compensation insurance fraud. In 2001, Jose Martin Rodriguez, 33, was working for a Truss company in Fontana when he alleged an injury to his shoulder....Read More
S&P and Fitch Affirm Ratings on Delphi 05/13/2003
State: Natl. | Segment: Top | 215 | 0
Standard & Poor's Ratings Services said yesterday that it assigned its 'BBB' senior unsecured debt rating to Delphi Financial Group Inc.'s (DFG) proposed $100 million, 30-year notes issuance. DFG intends to use the net proceeds from this offering to repay existing debt, including existing ...Read More
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