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Workers' Compensation News

AmComp, NY CPCU Host NY Super, Howard Mills 05/12/2005
State: NY | Segment: Events | 132 | 0
AMCOMP and the CPCU Society, New York Chapter will be hosting a joint luncheon Thursday, May 19, 2005 with key note speaker Acting Superintendent of the New York State Insurance Department, Howard Mills. Appointed to the position of Acting Superintendent of the New York State Insurance Depar...Read More
AIA Happy with Texas Asbestos Bill 05/12/2005
State: TX | Segment: Politics | 134 | 0
The Texas House passed comprehensive asbestos and silica litigation reform legislation (SB 15) last night that will preserve the rights of victims, while also protecting Texas businesses from widespread lawsuit abuse, the American Insurance Association (AIA) said yesterday in a press release....Read More
ACOEM Elects GA Doctor to Board 05/11/2005
State: NA | Segment: People | 274 | 0
Thomas B. Faulkner , MD, MHA, FACOEM, of Atlanta, Ga., is elected to a three-year term (2005-2008), on the Board of Directors of the American College of Occupational and Environmental Medicine (ACOEM). ...Read More
Arthur Gallagher Buys WorkCare Northwest 05/11/2005
State: NA | Segment: Business | 137 | 0
Arthur J. Gallagher & Co. (NYSE:AJG) on Tuesday announced the acquisition of WorkCare Northwest, Inc. headquartered in Boise, Idaho. Terms of the transaction were not disclosed. Established in 1998, WorkCare Northwest, Inc. is a program administrator specializing in workers...Read More
ACE Promotes Schaekel to Senior VP 05/11/2005
State: NA | Segment: Business | 42 | 0
ACE Limited (NYSE:ACE) announced Tuesday that Julie Schaekel, senior vice president of financial reporting at ACE USA, has been appointed chief auditor for The ACE Group of Companies. Schaekel, who has 20 years of property and casualty auditing and financial reporting experience, will rep...Read More
Airport Fined After Teen Worker Injured 05/11/2005
State: PA | Segment: Safety | 218 | 0
The U.S. Labor Department has fined a Pennsylvania airport $18,700 for hiring a 14-year-old apprentice who worked without pay but injured himself on the job, the department announced recently. An investigation by the department's Wage and Hour Division determined that Princeton Airport C...Read More
Another Former General Re Exec Investigated 05/11/2005
State: NA | Segment: Business | 81 | 0
The TIAA-CREF Pension Fund announced Tuesday that its chief financial officer, Elizabeth A. Monrad, is taking an unpaid leave of absence after receiving notice that regulators are considering enforcement action against her in connection with her prior position at General Re Corp. Monrad ...Read More
Alaskan Gov Calls Special Session 05/10/2005
State: AK | Segment: Politics | 142 | 0
Alaskan Gov. Frank H. Murkowski called for a legislative special session to begin Wednesday if the Legislature can't agree by tonight on how to correct the twin issues of rising workers' compensation costs and dwindling reserves in the state's public pension fund. If Alaskan lawmakers fail ...Read More
American Re Posts $88.5M Net Income 05/10/2005
State: NA | Segment: Business | 122 | 0
American Re Corp. on Monday reported $88.5 million in first-quarter 2005 GAAP net income, compared to $80.9 million in first quarter 2004. On March 31, the statutory surplus of the Company's reinsurance and insurance subsidiaries was $3.49 billion, representing a 3% increase in statutory...Read More
AM Best Gives 'A-' to California Insurance Co. 05/09/2005
State: CA | Segment: Business | 108 | 0
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to California Insurance Co. of San Francisco, a wholly-owned subsidiary of Applied Underwriters Inc. The rating outlook is stable. "We are proud to have this Excellent rating by A.M.Best for The California Insurance C...Read More
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