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Workers' Compensation News

Travelers Spinoff Completed 08/21/2002
State: Natl. | Segment: Top | 64 | 0
Travelers Property Casualty Corp. (NYSE: TAP.A and TAP.B) announced yesterday that Citigroup has completed the spin-off of Travelers Property Casualty by distributing 219,050,000 shares of Travelers class A common stock and 450,050,000 shares of Travelers class B common stock, owned by Citigroup. ...Read More
TWCC Hearings on Rule Changes Scheduled 8/22 08/13/2002
State: Natl. | Segment: Top | 64 | 0
The Texas Workers' Compensation Commission has scheduled a public meeting for Thursday, August 22, 2002 at 2:30 p.m. The meeting will be held at the Hyatt Regency Hotel, 208 Barton Springs Road, Foothills II (17th Floor), Austin, Texas. The Commission has also scheduled a public hearing fo...Read More
Texas Firms Trend to NonSubscriber Option 08/05/2002
State: Natl. | Segment: Top | 73 | 0
The Dallas Morning News ran a story on Friday that a significant trend has developed in Texas where more and more businesses are opting to go it alone, or "go naked" as it is called, by waiving protection under Texas' workers' compensation system. Texas is but one of a handful of states wher...Read More
Texas Mutual Makes Dividend Distribution 08/02/2002
State: Natl. | Segment: Top | 132 | 0
Texas Mutual Insurance Company's board of directors unanimously approved a general dividend plan today that will distribute approximately $22 million among qualifying policyholders. As in previous years, the 2002 plan includes an annual component for qualifying customers whose policies expired in 20...Read More
TX Rule Changes Proposed 08/01/2002
State: Natl. | Segment: Top | 69 | 0
The Texas Workers’ Compensation Commission has proposed amendment to two Rules and the addition of a new Rule. The amendment to Section 109.1, “State Agencies: General Provisions”, is proposed to reflect statutory changes in the state agency that is responsible for the administration of the ...Read More
TX Co. Ordered Restitution of $450K for Fraud 07/31/2002
State: Natl. | Segment: Top | 73 | 0
A Houston, Texas company that changed its name several times while allegedly trying to avoid prosecution for premium fraud was ordered to make restitution to Texas Mutual Insurance Company in the sum of $450,000 as part of a plea bargain agreement. A.C. Lath & Plastering Inc. owned and opera...Read More
Terrorism Bill Making Gains says AAI 07/31/2002
State: Natl. | Segment: Top | 59 | 0
The Alliance of American Insurers called the appointment of U.S. Senate conferees for the terrorism insurance bill on 7/25 a great stride toward ultimate passage of the legislation. "We're very encouraged that the Senate conferees have been appointed. The House still must name their confere...Read More
TWCC Occupational Report System Online 07/24/2002
State: Natl. | Segment: Top | 63 | 0
Texas Workers...Read More
Travelers Reports Increased Net on Rates 07/18/2002
State: Natl. | Segment: Top | 64 | 0
Travelers Property Casualty Corp. (NYSE: TAP.A) yesterday reported that operating income increased 14% over the prior year quarter to $356.8 million or $0.36 per share compared to $314.3 million or $0.31 per share for the prior year quarter (adjusted to reflect the shares issued in the March 2002 in...Read More
Travelers Launches New Electronic Policy System 07/17/2002
State: Natl. | Segment: Top | 60 | 0
Travelers Property Casualty (NYSE: TAP.A) has launched a new electronic policy view capability to help its independent agents go paperless. This capability allows agents to access, view, print and save commercial insurance policies in real-time. Electronic policy view, called EPV, is yet another ele...Read More
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