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Workers' Compensation News

TIG's Best Rating Downgraded; Still Excellent 03/13/2001
State: Natl. | Segment: Top | 108 | 0
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. Best...Read More
Texas Highest Medical Costs of Major States 02/22/2001
State: Natl. | Segment: Top | 111 | 0
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
TRO Issued Against Icahn Tender vs. Reliance 01/11/2001
State: Natl. | Segment: Top | 111 | 0
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
Time Not Strict re Rehab Completion 11/30/2000
State: Natl. | Segment: Top | 126 | 0
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
The Zenith Posts 3rd Quarter Loss, Improved Ratios 11/07/2000
State: Natl. | Segment: Top | 119 | 0
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
Two New Comp Laws 09/21/2000
State: Natl. | Segment: Top | 110 | 0
California Govenor Gray Davis signed into law on 9/20/00 Senate Bill 1272 adding Labor Code section 6332 requiring every employer w...Read More
Texas Comp Costs Higher 07/12/2000
State: Natl. | Segment: Top | 107 | 0
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
Texas Comp Threatened by Court Rulings 02/17/2000
State: Natl. | Segment: Top | 89 | 0
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
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