As California Gov. Arnold Schwarzenegger and legislators look to hammer out a final workers’ compensation bill by Friday, April 16, State Senator Chuck Poochigian (R-Fresno) recently issued the following statement on workers’ comp developments: “I have been focused on workers’ …
The Risk and Insurance Management Society (RIMS) received 261 responses from corporate risk managers regarding the workers’ compensation system in California supporting a conclusion that California may be losing jobs as a result of the perception of its workers’ compensation …
The Hartford Financial Services Group Inc. announced that Internet-based self- service reporting is now available nationwide to its group life and disability insurance customers, providing them immediate online access to standard reports that help them monitor and manage their group …
New York Superintendent of Insurance Gregory Serio announced that an agreement has been reached between the Department and Health Net of New York to refund policyholders $4.99 million for claims and interest for medical services. Also, Health Net will create …
Oklahoma Attorney General Drew Edmondson said charges his office filed against a home repairman should serve as a warning to consumers to be on the lookout for home repair scams that often go along with Oklahoma’s unpredictable spring weather. “Every …
U.S. Senator John Sununu (R-N.H.) told independent agents that while prospects for asbestos reform are not bright, there is a good chance class action reform may emerge from this Congress. He also said that Rep. Mike Oxley’s insurance regulation proposal …
North Carolina-based BB&T Corporation has reported net income for the first quarter of 2004 totaling $328.5 million, or $.60 per diluted share. Net income increased slightly compared with $327.7 million earned in the first quarter of 2003, while diluted earnings …
Claims services firm GAB Robins (www.gabrobinsna.com) has been selected as the provider of liability claims management services for Wakefern Food Corporation, a retailer-owned cooperative, whose members own and operate 192 ShopRite stores in five states. ShopRite serves more than 4 …
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston) and Folksamerica Reinsurance Company (New York). Additionally, A.M. Best has affirmed the debt rating of “bbb” on $700 million 5.875 percent existing …
JHA announced the results of the 2003 U.S. Group Disability Market Survey, an industry benchmark survey covering STD and LTD sales and inforce premium. Thirty-seven group disability insurance carriers participated in the 2003 survey, representing more than 95 percent of …