Workers' Compensation News
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VA Hearings on Liquidation of Reciprocal Set
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05/06/2003
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State: Natl. | Segment: Top | 0
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The Virginia State Corporation Commission (SCC) has set two hearings to consider matters regarding the proposed liquidation of Reciprocal of America (ROA) and The Reciprocal Group (TRG). Both companies were placed into receivership on January 29, 2003.
On April 30, 2003, the deputy rece...Read More
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VT Gov Puts Forth WC Reform Proposition
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04/14/2003
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State: Natl. | Segment: Top | 0
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Vermont Governor Jim Douglas announced comprehensive workers' compensation reform aimed at protecting workers' incomes and creating a simple, fair and less costly system, according to a governor's press release.
The initiative, which includes several significant legislative and administrat...Read More
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Vesta Looking to Sell P&C Operations
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04/02/2003
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State: Natl. | Segment: Top | 0
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Following A.M. Best's
announcement that it has downgraded the Company's property-casualty
subsidiaries' rating from "B+" to "B", Vesta Insurance Group (NYSE: VTA)
announced yesterday that it is evaluating a possible divestiture of a portion of
its property-casualty business to maximize sharehold...Read More
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VT Sup Ct: Claim Survives Death if No Dependents
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03/17/2003
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State: Natl. | Segment: Top | 0
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Even though a worker died from unrelated causes before his workers' comp claim could be adjudicated, his estate can still collect benefits on his behalf, Vermont Supreme Court ruled last month.In Dodge v. Precision Construction Products, Inc. (No. 2001-525. February 14, 2003) an injured work...Read More
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VA Rate Changes Approved, Effective 4/01
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03/13/2003
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State: Natl. | Segment: Top | 0
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The State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers' compensation insurance in Virginia.
Workers' compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are requir...Read More
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Valley Oaks Installs System for City/Co of SF
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03/04/2003
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State: Natl. | Segment: Top | 0
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Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, yesterday announced that it successfully implemented VOS Portal, its industry-leading claims management system, at the City and County of San Francisco (CCSF). The system will expand CCSF's capab...Read More
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Virginia Rate Revisions Approved
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02/28/2003
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State: Natl. | Segment: Top | 0
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The Virginia State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers' compensation insurance in Virginia.
Workers' compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers a...Read More
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Viper Aligns with Greenland for PEO Technology
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02/13/2003
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State: Natl. | Segment: Top | 0
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Viper Networks, Inc. (OTC: VPER) announced yesterday that is has entered into a strategic alliance with Greenland Corp. (OTC Bulletin Board: GRLC), a subsidiary of Imaging Technologies, Inc. (OTC Bulletin Board: IMTO). This agreement includes the acquisition of a minority stake in Greenland Corp. an...Read More
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Virginia Court Upholds Compensable Aggravation
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02/05/2003
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State: Natl. | Segment: Top | 0
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A worker whose on-the-job injury aggravated his pre-existing carpal tunnel syndrome can collect workers' compensation benefits, the Virginia Court of Appeals ruled.In Blue Ridge Market vs. Philmon Patton (0493-02-3, 01/23/03) Patton, a truck driver, injured his right arm when he slipped on a...Read More
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Virginia Work Comp Carrier Taken Over by State
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02/03/2003
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State: Natl. | Segment: Top | 0
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The Virginia State Corporation Commission ("SCC") has been named receiver by the Circuit Court of the City of Richmond for Reciprocal of America ("ROA") and ROA's attorney-in-fact, The Reciprocal Group ("TRG"). After an examination, the SCC's Bureau of Insurance found ROA and TRG to be in a hazardou...Read More
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