A.M. Best reports that state insurance commissioners will meet with members of U.S. House on Sept. 26 to update them on the state of the insurance industry, including losses suffered and solvency following the attacks on the World Trade Center and the Pentagon.
U.S. Rep. Mike Oxley, R-Ohio, h...Read More
American International Group's (AIG) chief executive, Maurice Greenberg, has issued a letter to Idaho's insurance director, Mary Hartung, protesting that a for-profit division of the Workers' Compensation Fund of Utah (WCFU) is expanding into Idaho.
AIG has asked that the Idaho Department of ...Read More
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The aftermath of the Unicover debacle may in fact be responsible for the beginning of a turn around of the work comp industry, according to industry observers quoted by A.M. Best.
Unicover Managers Inc., which changed its name to Cragwood Managers LLC following the start of the demise of t...Read More
The WorkComp Executive reports that Utah's Workers Compensation Fund may soon be writing business competitively in other states. Utah's governor is in receipt of HB 59, a bill introduced by House Majority Leader Kevin S. Garn, purporting to accomplish the transition...Read More
Unum Insurance Co. has released the results of a study conducted by BMRB International of stress in the working population of the UK, concluding that it is a major problem affecting both the productivity and health of the nation...Read More
Reported by IMMS 01/26/00:
The Unicover Managers LLC Workers Compensation reinsurance pool has changed its name and filed an arbitration request against Reliance Insurance Co. to recover $92 million in unpaid management fees.
Unicover, now known as Cragwood Managers LLC, allege...Read More
IMMS 01/11/00 The California Department of Insurance (DOI) has issued subpoenas to the United States Life Insurance Company (New York, NY) based on the carrier's attempts to rescind its Workers Compensation reinsurance contracts with Superior National Insurance Co., a California-based Workers Comp c...Read More