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Workers' Compensation News

Providers Say Exclude Early Visits from Preauthorization 10/26/2005
State: TX | Segment: Regulatory | 112 | 0 | Popular with Legal
AUSTIN -- Physical and occupational therapists on Tuesday pressed for rules that would require insurers to approve the first two or three treatments, saying the three-day waiting period for preauthorization requests will delay needed care. The therapists spoke during a public hearing call...Read More
Property Reinsurer Montpelier Downgraded 10/25/2005
State: NA | Segment: Business | 74 | 0
A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating (ICR) to "a-" from "a" for Montpelier Reinsurance Ltd. A.M. Best also downgraded the ICR to "bbb-" from "bbb" of Montpelier Re Holdings Ltd. and has downgraded all ...Read More
PartnerRe Loses $48M After Hurricanes, Floods 10/25/2005
State: NA | Segment: Business | 85 | 0
PartnerRe Ltd. on Monday reported a net loss of $288.7 million, or $5.48 per share, for the third quarter of 2005. The loss includes net after-tax realized gains on investments of $47.8 million or $0.88 per share. Net income for the third quarter of 2004 including net after-tax realized ...Read More
Paperwork Trips Up Man Who Ran From Cops 10/25/2005
State: MA | Segment: Fraud | 108 | 0
Shane Mambro of Boston was all set to collect insurance money for a knee injury he blamed on a pothole until his criminal past tripped him up. The Haverhill resident pleaded guilty last week to two counts of insurance-related fraud after admitting he made up a story about falling in a parki...Read More
ProAssurance Group Ratings Unchanged 10/24/2005
State: NA | Segment: Business | 132 | 0
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) for ProAssurance Group and assigned it an "a-" issuer credit rating. A.M. Best also affirmed the senior debt rating of "bbb-" on ProAssurance Corp.'s senior unsecured convertible debentures and ProAssurance Corp.'s ...Read More
Portland Window Washer Dies in Fall 10/21/2005
State: OR | Segment: Other | 120 | 0
A window washer fell to his death Wednesday morning in downtown Portland and authorities are investigating whether the death was caused by faulty safety equipment or human error. Eloy Gonzalez Cacho, 31, was rappelling from the roof of the Regence BlueCross BlueShield building when he plun...Read More
Press Pounces on Calif. 2nd's Illegal Alien Decision 10/20/2005
State: CA | Segment: Courts | 258 | 0 | Popular with Legal
Newspapers from around the country on Wednesday published a report on the California Second District Court of Appeal's decision upholding the rights of illegal aliens to state workers' compensation benefits. A Google news search showed that newspapers in Florida, New York, Washington D.C....Read More
PrideStaff Offering Seminar on Labor Law Issues 10/18/2005
State: CA | Segment: Events | 92 | 0 | Popular with Legal
PrideStaff, a national staffing organization, will hold a special event called "CYA ... Cover Your Assets" on Wednesday, IBA West said in a notice on its Web site. Three PrideStaff companies -- Insurance Relief (an IBA West associate member), RX Relief, and PrideStaff's Fresno branch -- wi...Read More
PC Industry Posted Record Profits Before Hurricanes 10/18/2005
State: NA | Segment: Business | 119 | 0
The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the same period last year, A.M. Best Co. announced on Monday. Robust operating results drove the industry's s...Read More
Pittsburgh Firm Basks in Safety Limelight 10/17/2005
State: PA | Segment: Safety | 117 | 0
Pittsburgh-based L.B. Foster Co. reduced recorded workplace injuries by 80% on its way to earning a 2005 Governor's Award for Safety Excellence. President and Chief Executive Officer Stan Hasselbusch said in a press release Friday that safety is fundamental at L.B. Foster. "Since...Read More
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