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Workers' Compensation News


 
Everest Re Reports Net Income Growth in 2Q 08/09/2007
State: NA | Segment: Business | 115 | 0
Bermuda-based Everest Re Group Ltd. announced that second-quarter after-tax operating income dropped during the second quarter, yet the global reinsurer posted a $62 million gain in net income. The after-tax operating income (excluding realized capital gains and losses) was $213.3 million...Read More
 
 
Everest Re Names Bradley President of U.S. Insurance 08/09/2007
State: NA | Segment: Business | 559 | 0
Everest Re Group Ltd. promoted Daryl Bradley to president of its U.S. Insurance operating subsidiaries. They include Everest National Insurance Co. Everest Indemnity Insurance Co. and Everest Security Insurance Co. "Daryl has been pivotal to the successful development of our U.S....Read More
 
 
EMC Posts Record 2Q Financial Results 08/09/2007
State: IA | Segment: Business | 103 | 0
EMC Insurance Group Inc. said Wednesday that the past quarter was its best ever since becoming a publicly held company 25 years ago. The Des Moines, Iowa-based insurance group reported record operating income of $13.8 million for the second quarter, surpassing the previous record of $10....Read More
 
 
Employer Can't Use Fund if No Proof of Second Injury 08/08/2007
State: Natl. | Segment: Courts | 146 | 0
An employer whose employee has suffered two injuries at the same place of employment is eligible for relief from a general second-injury fund, a federal court ruled. In Electric Boat Corp. v. Demartino, 06-2465-ag, 08/01/2007, the U.S. Court of Appeals for the Second Circuit ruled...Read More
 
 
Eastern Insurance Adds 500,000 Shares to Buyback Plan 08/06/2007
State: PA | Segment: Business | 75 | 0
Eastern Insurance Holdings Inc., which operates workers' compensation specialty carrier Eastern Alliance Insurance Group, has received board authorization to boost the stock-repurchase program by an additional 500,000 shares. The holding company's board of directors increased its repurchas...Read More
 
 
Employer's Misleading Statements Preclude Defense 08/03/2007
State: PA | Segment: Courts | 93 | 0
Workers' compensation funds deposited into an individual retirement account (IRA) more than 60 days after they were received are not subject to an offset if the employer lulled the worker in a false sense of security about the protection of his benefits, a Pennsylvania court ruled. In ...Read More
 
 
Early-Bird Deadline Extended for Conference 08/03/2007
State: GA | Segment: Events | 126 | 0
The Georgia State Board of Workers' Compensation (SBWC) added two weeks to its early-bird deadline for registering for the annual education conference being held at the Renaissance Waverly Hotel in Atlanta. SWBC said it has moved the deadline for the early-bird rate of $225 to Aug. 14. Th...Read More
 
 
Employer Didn't Object to Audiogram at Trial 08/02/2007
State: PA | Segment: Courts | 371 | 0
An audiogram's compliance with Occupational Safety and Health Act standards is assumed unless contrary evidence is presented, a Pennsylvania court ruled. In Bemis Co. Inc. v. WCAB, 333 C.D. 2007, 07/31/2007, the Commonwealth Court ruled that Dr. Mohammad Akbar's audiograms were re...Read More
 
 
Endurance Reports Net Income of $135.3M 08/01/2007
State: NA | Segment: Business | 158 | 0
Endurance Specialty Holdings Ltd. reported a net income of $135.3 million for the second quarter of 2007 compared to $64.1 million in the second quarter of 2006. For the six months ended June 30, net income was $237.2 million and $3.22 per diluted common share versus net income of $171.1 m...Read More
 
 
Experts Discuss Guidelines, Return-to-Work 08/01/2007
State: TX | Segment: Regulatory | 243 | 0
AUSTIN, Texas -- An Austin lawyer told claims managers and adjusters Tuesday use of medical fee and treatment guidelines relying on "evidence-based medicine" remains controversial with some providers who dismiss the approach as "cookbook medicine." In fact, attorney Stuart Colburn of Down...Read More
 
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