Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
ICorp.com Selects Insureon.com as Online Access Provider
Aug 25 2000 // Insureon.com has been selected by iCorp.com to provide online access for insurance brokers coordinating workers’ compensation insurance for their customers. The new partnership gives brokers access to...
State Fund Removed from Credit Watch
Aug 21 2000 // California’s largest workers’ comp carrier, State Compensation Insurance Fund (SCIF), was removed from Credit Watch status by Standard & Poor’s (S&P), which also reaffirmed the company’s...
Fremont General’s 2Q Combined Ratio Hits 259 Percent
Aug 21 2000 // Fremont General Corporation, the nationwide insurance and financial services holding company, posted a combined ratio for second quarter 2000 of 259.0 percent, compared to 95.7 percent reported for second quarter...
Commercial P/C Rates Continue Upward
Aug 16 2000 // Commercial property-casualty rates continued to increase across the country according to a report by The Council of Insurance Agents and Brokers. Through its quarterly Market Index Survey, released today, The Council...
IBA West and State Fund Offer New Group Workers’ Comp Program
Aug 16 2000 // IBAgroupcomp is a new California group workers’ compensation insurance plan developed by IBA West and the State Compensation Insurance Fund. Designed to reduce the net cost of workers’ compensation insurance...
Illinois Workers’ Comp. Trust Ordered Into Conservation
Aug 15 2000 // The Circuit Court of Cook County has granted Illinois Insurance Director Nathaniel S. Shapo’s petition for the conservation of Illinois Environmental Services Workers Compensation Trust, Inc. The Order of...
Fremont General Posts $270 Million Quarterly Net Loss, Announces Strategic Reinsurance Plan
Aug 14 2000 // Fremont General Corporation reported a second quarter net loss of $268,073,000 comprised of a net loss from continuing operations of $270,318,000 and an after tax gain on the extinguishment of debt of $2,245,000. The...
S&P Removes State Fund from Credit Watch
Aug 8 2000 // Standard & Poor’s (S&P) removed State Compensation Insurance Fund (SCIF), California’s largest workers’ comp carrier, from “Credit Watch” status and reaffirmed the company’s A...
WCRI Study: Medical Costs Lower in Mass. Workers’ Comp System
Jul 31 2000 // The costs of medical care for injured workers in Massachusetts are significantly lower than the other states reviewed in a study by the Workers Compensation Research Institute. The study of eight states, representing 40...
Volunteer Workforce, Lifeblood of the Nonprofits, Needs Special Coverages
Jul 24 2000 // Volunteers—without them, most nonprofit organizations would not exist. They are the common soil in which most mainstream nonprofits are planted, providing services in countless different areas. Yet although...
Missouri Workers’ Comp Carriers Continue to Cut Rates
Jul 24 2000 // Insurers writing most workers compensation business in Missouri are continuing a six-year trend of cutting rates, based on filings in the first half of 2000, the Department of Insurance (MDI) announced last...
Workers’ Comp Benefit Costs Vary Widely Across Texas
Jul 24 2000 // Workers’ compensation benefits and claim costs in Texas differ by nearly 50 percent within the state, even when adjusted for regional differences in industry composition and wages, according to a recent study by the...
He Knee-ded to Tell the Truth
Jul 24 2000 // Jorge Benitez of Huntington Beach was arrested on June 9 on workers’ compensation fraud charges. According to CDI fraud investigators, the 47-year-old man claimed that on July 13, 1996, while employed at J.C. Penney,...
Gov. Pataki Announces Workers’ Comp. Rate Reduction
Jul 18 2000 // New York Gov. George E. Pataki has said workers’ compensation rates will be reduced this year by an average of 2.5 percent. The reduction, combined with rate decreases achieved in the past five years, represents an...
Wokers Comp Claim Costs Higher in Texas
Jun 26 2000 // Workers’ compensation payments for medical care and indemnity (wage-replacement) benefits in Texas are higher than most states analyzed in a new study by the Workers’ Compensation Research Institute. The study...
The System Beat Him
Jun 26 2000 // Delano Manning Jr. of Burbank was arrested and charged with one felony count of making false statements for a workers’ comp claim and one felony count of grand theft. The CDI Fraud Division received a tip from a...
Secret Deal Between DWC, Fremont Exposed
Jun 22 2000 // June 22, 2000 The state Division of Workers’ Compensation (DWC) and Fremont Compensation Insurance Company entered into a secret settlement of a dispute over fines for the company’s illegal backdating of more...
Pennsylvania Employer Sentenced for Not Carrying Workers’ Compensation Insurance
Jun 21 2000 // A Westmoreland County employer who pleaded guilty to five misdemeanor violations of the Pennsylvania workers’ compensation law was recently sentenced to five years probation, ordered to pay $14,798 in restitution and...
A.M. Best Completes Year-End Review Of Calif. Workers’ Comp Carriers
May 30 2000 // A.M. Best Co.’s year-end review of insurance carriers with concentrated exposure to the volatile California workers’ comp market culminated in the downgrades of three large carriers in this market over the past...
A Hard Sell for the CDI
May 29 2000 // Although the California Department of Insurance (CDI) is still tied up in the defense of its Insurance Commissioner, the sale of Superior National Insurance Co. remains a high priority item on the department’s...
