Workers' Compensation News
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Utah Legislators Order Leavitt To Release Reports
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07/17/2003
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State: Natl. | Segment: Top | 0
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After Utah Mike Leavitt tabled any consideration of privatizing the Utah Fund, based in part on private opinion documents he had commissioned to assist in his decision, the state legislature is trying...Read More
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UT: Bramble Renews Efforts To Privatize WCF
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07/16/2003
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State: Natl. | Segment: Top | 0
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In Workcompcentral news yesterday, Gov. Mike Leavitt's decision not to privatize Utah's Workers Compensation Fund has prompted a renewed effort by the major proponent of the privatization effort, Senator Curtis Bramble, R-Provo, who has strong backing by the Fund, to reinstate a similar bill to co...Read More
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UT: WC Carrier Siezed for Inadequate Reserves
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07/15/2003
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State: Natl. | Segment: Top | 0
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Yet another workers' compensation carrier has been taken over by a state's Department of Insurance for lack of reserves, this time in Utah.
The Utah Department of Insurance says that a review of Wasatch Crest Mutual's financial documents showed that the Company did not have adequate r...Read More
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Utah Gov. Leavitt Keeping WCF Under State Control
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07/15/2003
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State: Natl. | Segment: Top | 0
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Gov. Mike Leavitt, who last month made his case to both the Senate and the House that Utah's State Compensation Fund (WCF) is in danger of losing its tax-exempt status, has long weighed the op...Read More
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USCA 5th: Mobil Oil Cash-Flow Retro Plan Legal
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07/14/2003
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State: Natl. | Segment: Top | 0
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The United States Court of Appeals for the Fifth Circuit ruled, in a class action suit against Mobil Oil last week, that a fronted insurance company was valid under Texas workers' compensation laws, and that the company's use of a "cash-flow retro plan", though of questionable propriety, was neverth...Read More
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UICI Q2 Results Impacted by WC Losses
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07/11/2003
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State: Natl. | Segment: Top | 0
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UICI (NYSE: UCI) yesterday reported that its second quarter 2003 results of operations will include a charge in the amount of $(0.06) per diluted share associated with the final resolution of litigation arising out of its former workers compensation business. The charge will be reflected in the ...Read More
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UT: WCF Awards Scholarships To Utah Students
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07/10/2003
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State: Natl. | Segment: Top | 0
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Workers Compensation Fund (WCF) awarded three scholarships totaling over $10,000 to graduate students at the University of Utah's Rocky Mountain Center for Occupational and Environmental Health (RMCOEH).
Scholarships were presented to Eric Allen Ellis, studying safety and ergonomics, ...Read More
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Unicover Haunts: Sphere Drake Guilty of Fraud
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07/09/2003
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State: Natl. | Segment: Top | 0
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AlphaStar Insurance Group Limited (Nasdaq: ASIGE) ("Company") issued a press release stating that the Commercial Court in London yesterday handed down a decision in a lawsuit brought by Sphere Insurance Limited ("Sphere Drake"), finding that two of the Company's London subsidiaries, and two of their...Read More
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U.S. Chemical & Plastics Fined by OSHA $105K
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07/02/2003
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State: Natl. | Segment: Top | 0
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U.S. Chemical & Plastics, Inc., doing business as Catalyst Systems in Gnadenhutten, Ohio, is facing $105,500 in fines proposed Friday by the U.S. Labor Department's Occupational Safety and Health Administration (OSHA) following a January, 2003 explosion at the plant located approximately 30 mile...Read More
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1171 Results
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