Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
APCapital Turns a Profit
Aug 11 2003 // East Lansing, Mich.-based medical liability and workers’ compensation carrier American Physicians Capital Inc. reported net income of $1.1 million, or 12 cents per diluted share for the second quarter of 2003,...
NYSID Emphasizes “Fraud Awareness Week” with Three Arrests
Aug 11 2003 // New York’s Superintendent of Insurance, Gregory V. Serio announced the arrest of three western New Yorkers during National Fraud Awareness Week, August 3-9, stating that they had “come at an important time of...
Ky. DOI Schedules Workers’ Comp Hearing
Aug 8 2003 // The Kentucky Department of Insurance announced it will hold a public hearing on August 13 to discuss the contents of a filing from an advisory organization expected to be used by most carriers to develop rates for...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
ICT to Hold Workers’ Comp Symposium in Sept.
Aug 6 2003 // The Insurance Council of Texas (ICT) announced it will hold a workers compensation insurance symposium on Sept. 24 in Austin, Texas. Presenters will speak on the following topics: State of the Texas Workers Compensation...
PTPN CompDirect Offers New Solution for WC Crisis
Aug 5 2003 // In response to a nationwide workers’ compensation crisis driven by spiraling medical costs, Calabasas, Calif.-based PTPN announced the launch of PTPN CompDirect, a program designed to achieve better outcomes for...
Bridgefield Casualty Expands to Arkansas
Aug 5 2003 // Summit Holding Southeast Inc., a specialist in workers’ compensation insurance services, announced that it is expanding the operation of its Bridgefield Casualty Insurance Company subsidiary to Arkansas....
Hearing on Okla. Workers’ Comp Increase Set for Sept. 11
Aug 5 2003 // The Oklahoma Board for Property and Casualty Rates approved a September 11 hearing for a proposed 6.4 percent increase in a key component of workers’ compensation rates. Insurance Commissioner Carroll Fisher, who...
FLA. GOV. SIGNS WORKERS’ COMP BILL
Aug 4 2003 // The signing into law of important workers’ compensation reform legislation by Florida Gov. Jeb Bush will go a long way toward limiting the cost of insuring workers in the state against injury and will boost the...
State Fund Issues 2002 Financials; Discusses Reserve Estimates
Aug 4 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Benefits Grow Faster than Wages for First Time Since 1992
Aug 4 2003 // Benefits paid to workers and employers’ costs for workers’ compensation rose slightly faster than wages in 2001, according to a new report released by the National Academy of Social Insurance. This is the first...
Zenith Announces Second Quarter Results
Aug 1 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $18.4 million, or $0.97 per share, for the second quarter of 2003 compared to net income of $6.5 million, or $0.34 per share, for the...
Former San Antonio Councilman Disbarred for WC Fraud
Aug 1 2003 // Texas Mutual Insurance Company reported that the Texas State Bar has permanently disbarred Bernardo Eureste, a Houston attorney and former San Antonio city councilman. Eureste has not practiced law since June 2002, when he...
Calif. WCIRB Makes 2004 Regulatory Filing
Jul 31 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...
Calif. WCIRB Makes 2004 Regulatory Filing
Jul 30 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...
Summit Launches New Fla. WC Carrier
Jul 28 2003 // Lakeland, Fla.-based Summit announced the launch of BusinessFirst Insurance Co. BusinessFirst is a Florida-domiciled stock insurance company which will specialize in workers’ compensation insurance for retail,...
Harleysville Group Releases Q2 Earnings
Jul 28 2003 // Pennsylvania-based Harleysville Group Inc. reported diluted operating income of $0.33 per share for the second quarter ended June 30, 2003, compared to $0.46 per share in the same period of 2002. For the six months ended...
New Calif. Law Firm Focuses on Workers’ Comp
Jul 25 2003 // McClellan & Corren, a new law office, has opened its doors this summer in San Francisco. Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and...
State Fund Issues 2002 Financials, Discusses Reserve Estimates
Jul 23 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Calif. Commissioner Responds to State Fund Audit
Jul 23 2003 // California Insurance Commissioner John Garamendi released the following statement in response to State Compensation Insurance Fund’s recent audit: “Since taking office in January I have worked to address the...
