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
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
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
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
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
The North Carolina Industrial Commission (NCIC) reports that the U.S. Bankruptcy Court for the Eastern District of Virginia has authorized US Airways Group, which filed for voluntary Chapter 11 bankruptcy proceedings on 08/11/02, to continue workers' compensation claim processing in the normal cours...Read More
The ABI (Association of British Insurers) last week called for a fundamental long-term reform of workplace compensation in the United Kingdom.
John Parker, the ABI's Head of General Insurance, said:
"The current system of workplace compensation is unsustainable. It is buckling und...Read More
The United States Second Circuit Court of Appeals last week held that a trial court hearing a third party work injury claim can reverse a jury verdict and enter summary judgment on the basis that expert testimony relied upon by the plaintiff was not sufficiently reliable.In Amorgianos v. Nat...Read More
A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)'s 'A-minus' (excellent) rating. WCF is in Category VIII of Best’s financial size ratings, between $100 million to $250 million.
The Best rating reflects the mutual insurance company's excellent f...Read More
The United States Court of Appeals for the 4th Circuit issued a ruling late last week that regular per diem payments made to employees incurring no room and board expenses should be included as wages under the Longshore and Harbor Workers' Compensation Act (LHWCA).
In Custom Ship Interiors...Read More