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Workers' Compensation News

Southport Lane Acquires Redwood Reinsurance 06/14/2012
By: Greg Jones (Deputy Editor)
State: NY | Segment: EAST | 349 | 0 | Popular with Legal
New York-based private equity firm Southport Lane acquired Redwood Reinsurance SPC Ltd., a reinsurer based in the Cayman Islands that provides treaty reinsurance for workers’ compensation and general liability insurance in the U.S.“This deal underscores our commitment to expa...Read More
Self-Insurers Association's Annual Conference Announced 06/14/2012
State: AL | Segment: EAST | 322 | 0 | Popular with Legal
Providing workers' compensation benefits in a global economy is among the topics slated for discussion at this year's Alabama Self-Insurers Association (ASIA) conference in Florida.The conference, scheduled for Aug. 12 to 14, will take place at the Hilton Sandestin Beach Golf ...Read More
Safety National Receives Ratings Upgrades 06/13/2012
By: Greg Jones (Deputy Editor)
State: NA | Segment: NATIONAL | 328 | 0 | Popular with Legal
Three national insurance rating agencies have increased their ratings for Safety National Casualty Corp., a workers’ compensation excess insurance provider.Moody’s upgraded Safety National’s rating to “A2” from “A3,” while Fitch Ratings upgraded ...Read More
SWCB Rescinds IME Authorization 06/13/2012
State: NY | Segment: EAST | 222 | 0 | Popular with Legal
The New York State Workers' Compensation Board (SWCB) has rescinded the authorization of Dr. Michael Palmeri to perform independent medical examinations on injured workers.SWCB Chairman Robert Beloten said Palmeri's authorization was suspended indefinitely, effective last Friday....Read More
Senate Candidate's WC Career Becomes Campaign Fodder 06/13/2012
State: SC | Segment: EAST | 329 | 0 | Popular with Legal
A South Carolina Senate candidate's work as a workers' compensation attorney has become fodder for Republican primary campaign mudslinging, according to a Spartanburg newspaper report.Whil...Read More
SCF Selects Clearwater Analytics 06/12/2012
By: Greg Jones (Deputy Editor)
State: AZ | Segment: WEST | 333 | 0 | Popular with Legal
SCF Arizona selected Clearwater Analytics to provide accounting, compliance, performance and risk reporting on its $3 billion investment portfolio as the carrier makes the transition to a private mutual insurance company.SCF Arizona in 2013 will complete the transformation from a state f...Read More
Survey Finds Workers' Mental Health a Growing Concern for Employers 06/11/2012
State: NA | Segment: NATIONAL | 354 | 0 | Popular with Legal
Employers have long known their workers' compensation costs aren't just linked to ailments and injuries of a physical nature. Mental health plays a big role in the expenses and it has become a growing concern for employers, a recent survey by the Disability Management Employer Coalition (...Read More
Southeastern Regulators Association Plans Annual Conference 06/11/2012
State: NA | Segment: EAST | 1254 | 0 | Popular with Legal
Airboat tours and wine tastings are among the interesting excursions planned during the Southeastern Regulators Association Conference in Mississippi this year.Hosted by Mississippi Workers' Compensation Commissioner Mike Chaney and the Mississippi Insurance Department, the conference ...Read More
State Getting $15.6 Million in AIG Settlement 06/08/2012
By: Greg Jones (Deputy Editor)
State: CA | Segment: WEST | 353 | 0 | Popular with Legal
American International Group Inc. will pay California $15.6 million in penalties to settle allegations that its insurance companies underreported workers’ compensation premiums over several decades, Insurance Commissioner Dave Jones announced on Thursday.The $15.6 million settlemen...Read More
Senate Confirms Commissioner Appointment 06/08/2012
State: SC | Segment: EAST | 376 | 0 | Popular with Legal
In a unanimous vote, the Senate has appointed Gene McCaskill to a six-year term on the South Carolina Workers' Compensation Commission, according to a commission news release on Thursday. McCaskill already is seated in the vacant commission position, which was created when David Huffstetler r...Read More
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