Workers' Compensation News
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Ulico Proud to Write NY Firefighters Union
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11/19/2002
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State: Natl. | Segment: Top | 0
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Ulico Insurance Group, the property and casualty subsidiary of ULLICO Inc., is now providing commercial coverage to the Uniformed Firefighters Association of Greater New York, Local 94 of the International Association of Fire Fighters.
Under the new policy, effective 1 November 2002, Ulico...Read More
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UnumProvident Hit with Injunction, $7.6M
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11/15/2002
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State: Natl. | Segment: Top | 0
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Federal Judge James Larson has ruled Paul Revere/UnumProvident et al.,
liable for violating California Business and Professions Code Sec. 17200
(Unfair Business Practices). In a strongly worded opinion, Judge Larson,
among other things, issued an injunction ordering the company to obey the law
...Read More
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UnumProvident Site Assists Leave Management
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11/14/2002
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State: Natl. | Segment: Top | 0
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UnumProvident Corporation (NYSE: UNM) yesterday introduced a new Web site illustrating the benefits of integrated disability leave management (IDM).
The site, found at www.unumprovident.com/idm/, is intended primarily for benefits...Read More
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Unitrin Reports Net Loss of $18.1M
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11/07/2002
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State: Natl. | Segment: Top | 0
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Unitrin, Inc. (NYSE:UTR) reported yesterday a total net loss of $18.1 million ($0.27 per common share) for the three months ended September 30, 2002, compared to total net income of $20.1 million ($0.30 per common share) for the same period in 2001. Results for the third quarter decreased due primar...Read More
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UnumProvident Reports Mild Net Gain for 3Q
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11/07/2002
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State: Natl. | Segment: Top | 0
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UnumProvident Corporation (NYSE: UNM) today reported after-tax operating
income before special items and net realized investment losses of
$155.0 million ($0.64 per diluted common share) for the third quarter of 2002.
These results compare to $148.6 million ($0.61 per diluted common share) for
t...Read More
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UnumProvident Debt Rated by Best: 'Stable'
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11/07/2002
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State: Natl. | Segment: Top | 0
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A.M. Best Co. has assigned indicative ratings of "bbb+" senior debt, "bbb" subordinated debt and trust preferred and "bbb-" preferred stock to securities, which may be issued under a $1.5 billion shelf registration filed by UnumProvident Corporation [NYSE: UNM] (Chattanooga, TN). The outlook for all...Read More
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Unitrin Increasing Reserves, Reducing Comp Line
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10/21/2002
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State: Natl. | Segment: Top | 0
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Unitrin, Inc. (NYSE:UTR) announced Friday that it will be increasing its property and casualty insurance reserves in the third quarter of 2002 to reflect adverse development of prior accident year losses. Management estimates that the reserve additions will be in the range of $50 million to $60 mill...Read More
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Utah PEO Shutdown: Failed to Provide Comp, Fraud
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10/18/2002
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State: Natl. | Segment: Top | 0
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The Salt Lake Tribune reports that the Utah Insurance Department has issued a cease-and-desist order against American Employment Group, a professional employment organization, or PEO, because it collected $500,000 in premiums for workers' compensation but did not provide coverage. The order,...Read More
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Unscheduled Absenteeism At All Time High
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10/17/2002
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State: Natl. | Segment: Top | 0
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As employers continue to grapple
with how to lower costs and improve productivity, the price they're paying for
unscheduled absenteeism reached an all-time high, according to the findings of
the 2002 CCH Unscheduled Absence Survey conducted by CCH INCORPORATED (CCH), a
provider of human resource...Read More
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Utah Man Commits Suicide Over Comp Denial
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09/24/2002
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State: Natl. | Segment: Top | 0
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A Salt Lake City, Utah, man, frustrated with his inability to secure workers' compensation benefits, ultimately committed suicide, the Salt Lake Tribune reported last week, causing his widow to seek redress with the state's Labor Commission. Randy Kass, 52, committed suicide on last December...Read More
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