Monthly Archives: <span>February 2003</span>

Mo. May Tighten Workers’ Comp Rules

A bill before the Missouri legislature would narrow the kinds of injuries covered by the state’s workers’ compensation system, according to the Associated Press. The state has reportedly lost 90,000 jobs in the last 20 months and Missouri business leaders …

Cybersettle Obtains U.K. Patent

Online settlement company Cybersettle, Inc. announced that the United Kingdom patent office has granted Cybersettle a patent on its method for settling disputes. This patent is the first of its kind to be granted among the European Union nations and …

Accident Fund Co., P2P Link Expand National Presence

P2P Link, a provider in automating medical billing and reporting for workers’ compensation claims, has proven successful with one of the nation’s fastest-growing workers’ compensation writers. Accident Fund Insurance Company of America is rolling out its nationwide expansion plan with …

Claims Guides Available in Several Western States

Expanding its presence in the claims industry, Claims Guides is now available in the following areas: San Diego, Northern California, Nevada, Arizona and Washington/Oregon/Alaska. You can claim your copy of the the most up to date comprehensive claims guides which …

N.J. Commissioner Orders Med-Mal Insurer to Roll Back Rates

New Jersey Banking and Insurance Commissioner Holly Bakke has ordered Zurich America to roll back rates reportedly found to be “excessive” in a Department review, a move that will save thousands for the affected physicians and preserve access to health …

S&P’s Removes ACE Ltd. Short-term Debt Ratings from CreditWatch

Standard & Poor’s announced that it has “removed from CreditWatch and affirmed its ‘A-2’ short-term counterparty credit and commercial paper ratings on ACE Ltd. because the ratings are strengthened by the company’s liquid investment portfolio and supporting bank facilities.” S&P’s …

Lloyd’s Joins WTC Lawsuit in Support of ‘One Occurrence’ Assertion

Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction of the World Trade Center constituted …

PMA Capital Notes $10.4M 4thQ Loss – $48M Loss in 2002

Philadelphia-based PMA Capital Corp. (PMACC) announced a net loss of $10.4 million, or $0.33 per diluted share, for the fourth quarter of 2002, compared to net income of $6.6 million, or $0.29 per diluted share, for the fourth quarter of …

SW Fla. Drywall Company Fined $361,000

Florida Chief Financial Officer Tom Gallagher announced the state’s Division of Workers’ Compensation fined a Naples drywall contractor more than $361,000 for reportedly failing to provide workers’ compensation coverage for new employees. A workers’ compensation investigator found that David Casman …

Superior Access Writing Texas Condos, Townhomes

Richard Swoy, chairman of Superior Access Insurance Services, announced a new A.M. Best “A” rated, admitted market in Texas for condominiums and townhouses. Owner occupied, seasonal or tenant occupied units are eligible. Some of the coverage highlights provide for actual …