Workers' Compensation News
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UT Fund Gets A.M. Best Rating 'A-' Affirmed
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06/19/2003
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State: Natl. | Segment: Top | 0
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A.M. Best Co. has reaffirmed Utah's Workers Compensation Fund (WCF)'s A-minus (Excellent) rating.
According to A.M. Best, WCF's A-minus rating reflects the mutual insurance company's excellent financial strength, strong reserve practices and dominant market position. It also acknowledges W...Read More
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UT Gov Makes Case for Privatizing WCF
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06/19/2003
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State: Natl. | Segment: Top | 0
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Utah Governor Mike Leavitt started yesterday off on the wrong foot, alienating legislators even before he pitched a sale of the state's Workers Compensation Fund, because he briefed the press before he briefed lawmakers.Nevertheless, Leavitt made his case to both the Senate and the House, st...Read More
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USCA7th: No Duty to Worker with Hypoglycemia
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06/16/2003
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State: Natl. | Segment: Top | 0
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The United States Court of Appeals for the Seventh Circuit has ruled that the failure of a prison in Indiana to prevent a worker from driving home while in a hypoglycemic condition, resulting in a crash that killed the worker, did not create liability under Indiana law.In Stockberger v. US (...Read More
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Underwriters Buy Balance of PMA Capital Notes
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06/12/2003
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State: Natl. | Segment: Top | 0
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PMA Capital Corporation (NASDAQ:PMACA) reported yesterday that the underwriters have exercised their overallotment option in full and purchased an additional $7.5 million of PMA Capital's 8.50% monthly income senior notes due June 15, 2018. Together with the $50 million sold on June 5, 2003, this br...Read More
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UT's WCF Sets Four Safety Seminars in June
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06/03/2003
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State: Natl. | Segment: Top | 0
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Workers Compensation Fund (WCF) of Utah will host four safety seminars in June. Scheduled seminars include Steel Erection, Crane Safety, Ergonomics for the Workplace, and Preventing Work Strains and Sprains.
The seminars are free to WCF policyholders. Employers that do not have a policy wi...Read More
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UnumProvident Expands FMLA Admin Services
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05/28/2003
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State: Natl. | Segment: Top | 0
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UnumProvident (NYSE: UNM) is expanding the availability of its FMLA and state leave administration services. Traditionally available to large companies with more than 5,000 employees, the service can now be utilized by employers with 2,000 or more employees.
UnumProvident's Leave Management...Read More
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USCA 7th: Constructive Notice Applies to FMLA
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05/20/2003
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State: Natl. | Segment: Top | 0
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The United States Court of Appeals, Seventh Circuit, issued a ruling last week finding that a fired employee could sue for reinstatement under the Family and Medical Leave Act where he fell asleep on the job nearly every day for two weeks and then did not show up for work at all due to severe depres...Read More
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Utah Fund Privatization to be Studied by Deloitte
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05/07/2003
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State: Natl. | Segment: Top | 0
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The Salt Lake Tribune reports that Utah Gov. Mike Leavitt has contracted with Deloitte and Touche for assistance in making a decision about the state's Workers Compensation Fund.The Fund's fate has been debated heavily since the beginning of the year as proposals have been floated to "privat...Read More
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Unitrin 1Q Net Up on Investment Gains
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04/24/2003
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State: Natl. | Segment: Top | 0
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Unitrin, Inc. (NYSE: UTR) reported yesterday total net income of $13.4 million ($0.20 per common share) for the three months ended March 31, 2003, compared to total net income of $9.2 million ($0.14 per common share) for the same period in 2002. Net income for the three months ended March 31, 2003 i...Read More
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US Sup Crt: PC Shareholders are Employees ADA
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04/23/2003
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State: Natl. | Segment: Top | 0
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The United States Supreme Court yesterday ruled that physicians who are 'controlled' by a medical practice are 'employees' under the Americans with Disabilities Act (ADA) and therefore subject to the statute's provisions, even if the physicians are stockholders in a professional corporation....Read More
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