Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Venture Programs Partners with Discover Re for Technology and Life Sciences
Nov 13 2003 // Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced an underwriting partnership with Discover Re for its Venture Technology and...
Fla. Advises Construction Industry: Apply for New Workers’ Comp Exemptions by Nov. 30
Nov 13 2003 // Florida’s Chief Financial Officer Tom Gallagher has urged current workers’ compensation exemption-holders in the construction industry to take the necessary steps to file for a new exemption by Nov. 30. All...
Nev. Workers’ Compensation Insurance Rates to Decrease
Nov 13 2003 // Nevada’s employers should see a drop in their 2004 premiums for workers’ compensation as a result of the filing submitted by the National Council on Compensation Insurance Inc. approved by Nevada Insurance...
ISO to Provide Kentucky Employers Mutual Insurance Data-Reporting Services for Workers’ Comp
Nov 12 2003 // Insurance Services Office, Inc. (ISO) has entered into an outsourcing agreement with Kentucky Employers Mutual Insurance (KEMI) to collect the insurer’s workers’ compensation data. ISO will collect KEMI’s...
Fla. PEO Files Counterclaim Against CNA
Nov 12 2003 // Fort Lauderdale, Fla.-based professional employer organization services provider Certified Services Inc. announced that its primary operating subsidiary, Cura Inc., has filed an answer and counterclaim against Continental...
Maine Gov. Hails Proposed Reduction in WC Rates
Nov 11 2003 // Maine Governor John Baldacci recently announced that the National Council on Compensation Insurance (NCCI) has filed a request to decrease workers’ compensation loss costs for policy year 2004 by an average of 3.3...
State Orders Calif. Restaurants to Close Due to Lack of WC Coverage
Nov 10 2003 // State Labor Commissioner Art Lujan ordered the closure of nine International House of Pancakes (IHOP) restaurants in Sacramento and Fresno because the restaurants did not have a valid workers’ compensation insurance...
Calif. Commissioner’s Revision to WC Advisory Rate Excessive, Premature, Says ACIC
Nov 10 2003 // California Insurance Commissioner John Garamendi’s recommendation for a 14.9 percent decrease in pure premium rates for workers’ compensation insurance is both excessive and premature, according to the...
Garamendi Drops Workers’ Comp Advisory Pure Premium Rate 14.9 Percent
Nov 7 2003 // In an effort to provide relief to skyrocketing workers’ compensation premiums in California, Insurance Commissioner John Garamendi lowered the advisory pure premium rate by 14.9 percent, a shift that would return...
Outlook Stable for LUBA Workers’ Comp
Nov 7 2003 // A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp based in Baton Rouge, La. The outlook is...
Panel Says Attracting Private Specialty Carriers to Calif. Will Stabilize WC Crisis
Nov 6 2003 // The California workers’ compensation system is broken with employers under immense financial strain due to continually rising premiums and employees feeling their legitimate claims being tarnished by the increasing...
Calif. Workplace Fatalities Decline by 8% in 2002
Nov 3 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
Couple Faces Five Years for WC Fraud
Nov 3 2003 // A Grass Valley, Calif., couple faces up to five years in prison and/or a fine of up to $50,000 after an investigation by CDI Fraud Investigators resulted in multiple felony counts of workers’ compensation insurance...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // Best has assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The rating...
The Garamendi Plan: Workers’ Compensation Reform Phase II
Nov 3 2003 // California Insurance Commissioner John Garamendi outlined the second phase of his workers’ compensation reform plan Oct. 21. The reform legislation that he helped shape during the first phase of this effort is...
Monoline Workers’ Comp
Nov 3 2003 // Nuts & Bolts: The Princeton Agency/United Underwriting Agency is offering a market for monoline workers’ compensation. Dollars: EL up to $1M/$1M/$1M. No minimum premium up to $50,000. Carrier: Rochdale Insurance...
Outlook Stable for LUBA Workers’ Comp
Nov 3 2003 // A.M. Best assigned an initial financial strength rating of “A-” (excellent) to Louisiana United Businesses Self Insurers Fund, also known as LUBA Workers’ Comp, based in Baton Rouge, La.. The outlook is...
Zenith Announces Third Quarter Results
Oct 29 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
