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Workers' Compensation News

Liberty Mutual Gets $128M in Tenders for Debt Buyback 04/09/2004
State: NA | Segment: Top | 89 | 0
Liberty Mutual Insurance Company ("Liberty Mutual") announced yesterday that it has received tenders totaling $128,639,000 of its 8.20% Surplus Notes due 2007 (the "Notes") in its offer to purchase up to $130 million of the outstanding Notes. The tender offer expired yesterday at 5:00 p.m., New York...Read More
Lack of Action Gets FL Co $77K in OSHA Fines 04/09/2004
State: FL | Segment: Top | 177 | 0
The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has cited Kirkplan Kitchens and Bath Fort Myers, Inc., and has proposed a $46,000 penalty after a return inspection to the Fort Myers plant confirmed that the company had failed to correct a dangerous condition observed...Read More
Liberty Mutual Tenders Offer to Buy Back 2007 Debt 04/07/2004
State: NA | Segment: Top | 90 | 0
Liberty Mutual Insurance Company ("Liberty Mutual") announced yesterday that it has priced its tender offer for up to $130 million in aggregate principal amount of its outstanding 8.20% Surplus Notes due 2007 (the "Notes") (CUSIP No. 53079QAA5). Upon consummation of the tender offer, Lib...Read More
Labor Ready Completes Spartan Staffing Purchase 04/06/2004
State: NA | Segment: Top | 154 | 0
Labor Ready, Inc. (NYSE:LRW) has completed the purchase of the assets of Spartan Staffing, Inc., a privately owned temporary staffing company with approximately $50 million in annual revenue, for $9.5 million in cash. Labor Ready estimates the purchase will add approximately $40 million i...Read More
Liberty Mutual Sells Canadian Personal Line 04/05/2004
State: NA | Segment: Top | 81 | 0
Liberty Mutual Group Fridday announced the sale of its Canadian personal lines business in Canada, consisting of private passenger automobile, homeowners and personal property insurance, to Meloche Monnex, Inc., a member of TD Bank Financial Group, is complete. The transaction, which receive...Read More
Limo Drivers are 'Traveling Employees', FL 1st, Not Going/Coming 03/31/2004
State: FL | Segment: Top | 142 | 0
The Florida First Appellate District ruled yesterday that a limousine driver, injured while on an unpaid dinner break, was entitled to workers' compensation benefits. In Fred Longo vs. Associated Limo (1D03-0702, 03/30/04), the Claimant had deposited a fare in Plantation at 7:45 p.m. on ...Read More
LA Woman Arrested For $60K Alleged WC Fraud 03/31/2004
State: LA | Segment: Top | 139 | 0
Louisiana Attorney General Charles C. Foti, Jr. announced the arrest of a Vernon Parish woman who manipulated her worker's compensation program to fraudulently obtain nearly $60,000 in compensation benefits, medical and other expenses. Attorney General investigators arrested 27-year-old ...Read More
Liberty Mutual Reports 67.4% Net Increase for 2003 03/24/2004
State: NA | Segment: Top | 736 | 0
Liberty Mutual Group ("LMG") yesterday reported net income of $851.3 million for the twelve months ended 2003, a 67.4% increase over the same period in 2002. "I am very pleased with our overall operating performance in 2003," said Edmund F. Kelly, Liberty Mutual Group Chairman, President an...Read More
Liberty Mutual Stuck with Defense Costs on IBM Cases 03/23/2004
State: NA | Segment: Top | 109 | 0
Liberty Mutual Insurance Company must pay the cost of defending IBM against the slew of employee toxic exposure cases ruled the United States Court of Appeals for the Second District on Friday.IBM has been the target of a slew of civil claims by former employees claiming that Big Blue knew t...Read More
Liberty Mutual Will Release '03 Results 3/23 03/22/2004
State: NA | Segment: Top | 91 | 0
Liberty Mutual Group will release its full-year 2003 financial results on the morning of Tuesday, March 23, 2004. Later that day, Edmund F. Kelly, Liberty Mutual Group Chairman, President and CEO, will host a conference call at 3:30 p.m. EST to discuss the company's financial results. L...Read More
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