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Workers' Compensation News

UnumProvident Hit with Injunction, $7.6M 11/15/2002
State: Natl. | Segment: Top | 51 | 0
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
UnumProvident Site Assists Leave Management 11/14/2002
State: Natl. | Segment: Top | 61 | 0
UnumProvident Corporation (NYSE: UNM) yesterday introduced a new Web site illustrating the benefits of integrated disability leave management (IDM). The site, found at, is intended primarily for benefits...Read More
Unitrin Reports Net Loss of $18.1M 11/07/2002
State: Natl. | Segment: Top | 60 | 0
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
UnumProvident Reports Mild Net Gain for 3Q 11/07/2002
State: Natl. | Segment: Top | 34 | 0
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
UnumProvident Debt Rated by Best: 'Stable' 11/07/2002
State: Natl. | Segment: Top | 31 | 0
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
Unitrin Increasing Reserves, Reducing Comp Line 10/21/2002
State: Natl. | Segment: Top | 36 | 0
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
Utah PEO Shutdown: Failed to Provide Comp, Fraud 10/18/2002
State: Natl. | Segment: Top | 35 | 0
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
Unscheduled Absenteeism At All Time High 10/17/2002
State: Natl. | Segment: Top | 80 | 0
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
Utah Man Commits Suicide Over Comp Denial 09/24/2002
State: Natl. | Segment: Top | 61 | 0
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
USCA - Pretrial Detainee Gets Only Comp 09/16/2002
State: Natl. | Segment: Top | 39 | 0
The United States Court of Appeals for the Seventh Circuit has ruled, in a case of first impression, that a pretrial detainee, injured while working in prison, is limited to remedies under the Inmate Compensation Program, 18 U.S.C. 4126(c).The case is Paschal vs. United States, 2002 USCA 7t...Read More
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