A.M. Best Co. has lowered the rating of TIG Insurance Group to A- (Excellent) from A (Excellent). The rating action applies to the TIG Insurance Co. and its 15 reinsured primary company affiliates.
The average medical cost for workers' compensation claims is the highest in Texas out of eight large states analyzed by the Workers' Compensation Research Institute.
The study concludes that this is the result of the Texas...Read More
The Wall Street Journal reported that U.S. District Judge Alvin K. Hellerstein in Manhattan issued a temporary restraining order preventing financier Carl Icahn from proceeding with a tender offer for Reliance Group Holdings Inc.'s bonds has been extended until the court holds another hearing Friday...Read More
The Second Appellate District, Division 4 (Los Angeles) opined 11/15/00 in Martinez vs. WCAB that so long as a request for rehabilitation was timely within either the 5 or 1 year statutes (LC 5405.5 and 5410) there is no requiremen...Read More
Zenith National Insurance Corp. (NYSE:ZNT) reported in a press release an operating loss after tax of $5.1 million, or $0.30 per share, for the third quarter of 2000. This compares to a third quarter of 1999 operating loss after tax of $38.8 million, or $2.26 per share. For the nine months ending Se...Read More
The Workers' Compensation Research Institute out of Cambridge Massachusetts recently released a study comparing data from Texas, California, Connecticut, Florida, Georgia, Massachusetts, Minnesota and Pennsylvania (states that make up 40% of U.S. workers' comp benefits) and concluded that Texas' co...Read More
From IMMS 2/17/00:
TWO COURT DECISIONS MAY THREATEN WORKERS COMP
A pair of state appeals court decisions could challenge the Texas Workers Compensation system by ruling that employers who don't provide Workers Comp coverage can require employees to waive their right to sue over on-the-jo...Read More