Workers' Compensation News
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Vesta 'B-' Rating Affirmed By Fitch After 4Q Earnings
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03/16/2004
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State: NA | Segment: Top | 0
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Fitch Ratings Monday commented that the 'B-' long-term issuer and debt ratings of the Vesta Insurance Group (Vesta, NYSE: VTA) remain on Rating Watch Negative following Vesta's release of its fourth quarter earnings and Vesta's announcements regarding the status of various capital initiatives. The '...Read More
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Vesta' AM Best Rating Under Review, Negative Implications
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03/16/2004
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State: NA | Segment: Top | 0
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A.M. Best Co. has placed the B (Fair) financial strength rating of the property/casualty affiliates of Vesta Insurance Group [NYSE: VTA] (Birmingham, AL) under review with negative implications. Concurrently, A.M. Best has placed the "b-" senior debt and "ccc" deferrable capital securities ratings o...Read More
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VPA #66 On L.A Bus Journal Of 'Fastest Growing Co's'
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03/10/2004
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State: CA | Segment: Top | 0
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Clocking in at number 66 out of
100, VPA Inc., an absence and disability benefits administrator, was
recognized by the Los Angeles Business Journal on its renowned list of
"Fastest Growing Private Companies" for 2003. VPA made the grade based on its
31 percent growth in revenue, measured from t...Read More
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Vargas Sponsors Garamendi Plan Part 2 in CA Assembly
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02/27/2004
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State: CA | Segment: Top | 0 | Popular with Legal
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Calling it California's best hope for a comprehensive solution to the workers' compensation crisis, Assemblyman Juan Vargas (D-San Diego), and California Insurance Commissioner John Garamendi announced on Wednesday another workers' compensation reform bill, ABX4 15.
The bill rep...Read More
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Valley Oak's iVOS Now Includes Bill Review Component
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02/13/2004
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State: NA | Segment: Top | 0 | Popular with Employer
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Valley Oak Systems, Inc. has launched iVOS Review Service and Software, a new bill review component that is now integrated into their flagship product, iVOS, the leading browser-based claims administration system. "iVOS is a 'one-system' solution bringing together bill review and claims mana...Read More
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Valley Oak Improves Public Data Exchange For PERI
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01/29/2004
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State: NA | Segment: Top | 0
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Valley Oak Systems, Inc. (VOS), a national provider of claims management software, services and support, has completed development of a new data extraction tool that will streamline the submission of claims data to the Public Entity Risk Institute (PERI), a non-profit organization that oversees the ...Read More
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VT Reform Study Concludes WC State Out of Line
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01/20/2004
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State: VT | Segment: Top | 0 | Popular with Insurance
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The state of Vermont is now ready to jump on the workers' compensation reform bandwagon, following issuance of a report requested by Governor Douglas' administration that concludes the state's comp system is "negatively impacting the health of Vermont businesses." The "Report on Vermont's Wo...Read More
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Various AIG Ratings Upgraded To A++ by Best
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10/23/2003
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State: NA | Segment: Top | 0
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A.M. Best Co. has upgraded the financial strength ratings to A++ (Superior) from A+ (Superior) of various American International Group [NYSE: AIG] life and annuity insurance companies: Variable Annuity Life Insurance Company, AIG Annuity Insurance Company, American General Life Insurance Company, Am...Read More
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Voluntary Payments By MD. Employer Not 'Award'
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10/20/2003
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State: NA | Segment: Top | 0
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An employer's voluntary payment of benefits to an injured employee does not trigger the five-year limit on modifying a workers' compensation award, ruled the Maryland Appellate Court last week.In Mona Electric Service, Inc. et al. v. Wade O. Shelton (No. 131, Sept. Term 2002, 10/09/03), Shel...Read More
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Viginia SCC Warns Employers of WC Need
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09/04/2003
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State: CA | Segment: Top | 0
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Most Virginia employers are required to carry workers' compensation insurance for work-related injuries. In fact, more than three million workers, or approximately 98 percent of Virginia's workforce, are currently covered by workers' compensation insurance. This coverage provides medical car...Read More
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