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Workers' Compensation News

FL Lt Gov Says Reform Must Include Rate Rollback 04/04/2003
State: Natl. | Segment: Top | 41 | 0
Florida Lt. Gov. Toni Jennings said Tuesday any legislation dealing with worker's compensation this year must include provisions that will create the equivalent to a 15 percent rollback in rates. Jennings made the statements during a roundtable discussion she held with a handful of contrac...Read More
Farmers' Subro to Use Trumbull Technology 04/01/2003
State: Natl. | Segment: Top | 72 | 0
Trumbull Services L.L.C., a leading provider of outsourcing and technology services to the property and casualty insurance industry, announced today that it has entered into a multi- year agreement to provide its Web enabled Subrosource(SM) Subrogation Software to Farmers Insurance Group. Subro...Read More
Former SAFECO Examiner Arrested for Fraud 03/31/2003
State: Natl. | Segment: Top | 109 | 0
The California Department of Insurance (CDI) Fraud Division announced that On March 20, 2003, Sheila Nicholson, 29, was arrested and booked into the Orange County Jail on four counts of grand theft, nine counts of insurance fraud, and one count of conspiracy. On March 10, 2003, Cory Weaver, ...Read More
Former Head of CN WCB Recognized by CRRF 03/28/2003
State: Natl. | Segment: Top | 39 | 0
The Canadian Race Relations Foundation (CRRF) bestowed a Lifetime Achievement Award to the Hon. Lincoln Alexander for his significant contribution towards positive race relations in Canada. Prior to serving as Chair of the CRRF since its founding in 1997, Mr. Alexander was elected to Pa...Read More
First Health to Use Group 1's DataSight 03/26/2003
State: Natl. | Segment: Top | 45 | 0
Group 1 Software (Nasdaq: GSOF) yesterday announced that First Health Group Corp. (Nasdaq: FHCC) has contracted for DataSight, Group 1's flagship data quality software that provides enterprise-wide correction, validation, and enhancement of customer, prospect and supplier data. This technology helps...Read More
Fitch Rates HCC Notes 'A-' 03/26/2003
State: Natl. | Segment: Top | 79 | 0
Fitch Ratings has assigned an 'A-' rating to HCC Insurance Holdings, Inc.'s (HCC) recent offering of $125 million of 1.3% senior convertible notes due April 2023. The rating is equivalent to HCC's current long-term issuer and senior debt rating. Proceeds from the offering will be used to pay down ex...Read More
FL Committee Approves Major WC Reform Report 03/25/2003
State: Natl. | Segment: Top | 41 | 0
Last Thursday night, the House Select Committee on Workers' Compensation approved a report detailing its recommendations for a major comp reform package. The report is expected to be the basis for a proposed committee bill that should be available early this week and could be before the House Insura...Read More
FL Bills Creating FEMI Opposed by Industry 03/21/2003
State: Natl. | Segment: Top | 52 | 0
Pending Florida legislation, Senate Bill 1946, by Sen. Charlie Clary (R-Destin), and House Bill 1655, by Rep. Kim Berfield (R-Clearwater), is creating controversy in the state with carriers objecting loudly that the bill's creation of the Florida Employers Mutual Insurance Co. (FEMI) would undermine...Read More
FileNet to Demo Claims Software at RIMS 03/21/2003
State: Natl. | Segment: Top | 97 | 0
FileNet Corporation (NASDAQ: FILE) says it will exhibit at the Risk and Insurance Management Society's Annual Conference and Expo (RIMS) 2003 and demonstrate its Enterprise Content Management (ECM) solution for Property & Casualty Claims. The company says its software optimizes claims proces...Read More
Fitch Rates Zenith Notes 'BBB-', But 'A-' Strength 03/20/2003
State: Natl. | Segment: Top | 44 | 0
Fitch Ratings has assigned a 'BBB-' rating to Zenith National Insurance Corp.'s (Zenith National) $110 million private offering of convertible senior notes. Fitch has also affirmed Zenith National's long-term issuer rating of 'BBB-' and the 'BB+' rating of Zenith National Insurance Capital Trust I s...Read More
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