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Workers' Compensation News


 
SCIF Wrote $5 Billion, 35% of Market, in 2002 02/06/2003
State: Natl. | Segment: Top | 43 | 0
According to preliminary estimates from the Workers' Compensation Insurance Rating Bureau (WCIRB), State Compensation Insurance Fund (SCIF) had a 35% market share based on last year's aggregate premiums, gross of large deductibles. According to WCIRB data, SCIF wrote $5 Billion last year, bu...Read More
 
 
SAFECO Declares Regular Dividend 02/06/2003
State: Natl. | Segment: Top | 39 | 0
SAFECO (Nasdaq: SAFC) yesterday declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable April 28, 2003 to shareholders of record on April 11, 2003. SOURCE SAFECO ...Read More
 
 
S&P Downgrades Argonaut Ratings 02/05/2003
State: Natl. | Segment: Top | 41 | 0
Standard & Poor's Ratings Services said yesterday that it lowered its counterparty credit and financial strength ratings on Argonaut Group Inc.'s property/casualty insurance companies (Argonaut) to 'BBB+' from 'A' based on the likely capital strain associated with the announced asbestos and environm...Read More
 
 
S&P Rates Reciprocal an 'R' 02/04/2003
State: Natl. | Segment: Top | 42 | 0
Standard and Poor's Ratings Services said yesterday that it revised its counterparty credit and financial strength ratings on Reciprocal of America (ROA) to 'R' from 'Bpi' after The State Corporation Commission of Virginia (SCC) was named as receiver of ROA by the circuit court of the City Of Richmo...Read More
 
 
Sierra Health Posts Net - Work Comp 'Discontinued' 01/30/2003
State: Natl. | Segment: Top | 31 | 0
Sierra Health Services Inc. (NYSE:SIE) reported yesterday that net income from continuing operations for the quarter ended Dec. 31, 2002 was $12.2 million, or $0.39 per diluted share, compared to $5.6 million, or $0.19 per diluted share for the same period in 2001, an increase of 105% in earnings pe...Read More
 
 
Schmidt Appointed HA Ins. Commissioner 01/29/2003
State: Natl. | Segment: Top | 39 | 0
Hawaii Governor Lingle today named J.P. Schmidt as state insurance commissioner. He will be responsible for the division that oversees Hawaii's insurance industry, including licensing, examination of Hawaii-based insurance companies, review of rate change and policy filings, and investigations of in...Read More
 
 
Sierra Health Mgmt to Present at Investor Conf. 01/28/2003
State: Natl. | Segment: Top | 41 | 0
Sierra Health Services Inc. (NYSE: SIE) yesterday announced that members of its senior management are currently scheduled to appear at the UBS Warburg Global Healthcare Services Conference in New York on Tuesday, Feb. 4, 2003. Sierra's presentation is scheduled to begin at approximately 10...Read More
 
 
SAFECO Prices Notes In Refinance Plan 01/28/2003
State: Natl. | Segment: Top | 31 | 0
SAFECO (Nasdaq: SAFC) yesterday priced $500 million in senior notes. A $200 million five-year issue was priced with a 4.20 percent coupon. The issue is due on Feb. 1, 2008, and was priced at $99.839 to provide a yield-to-maturity of 4.24 percent. A $300 million seven-yea...Read More
 
 
SAFECO Reports Impressive 4Q Gains, Turnaround 01/28/2003
State: Natl. | Segment: Top | 69 | 0
SAFECO (Nasdaq: SAFC) yesterday reported its best annual performance in four years, posting net income of $301.1 million -- or $2.33 per diluted share -- for the full year 2002. This compares favorably with 2001's net loss of $989.2 million-a loss of $7.75 per share. The company ...Read More
 
 
S&P Give Western Growers 'R' on Liquidation Order 01/24/2003
State: Natl. | Segment: Top | 51 | 0
Standard & Poor's Ratings Services said yesterday that it revised its counterparty credit and financial strength ratings on Western Growers Insurance Co. to 'R' from 'CCCpi'. "The ratings were revised after learning that the Orange County Superior Court of California signed a liquidation o...Read More
 
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