Quote of the day
"[W]e love boring when it delivers steady earnings growth, which Zenith has done for the past seven years."
Michael Camp, principal, Northwest Criterion Asset Management, which owns shares of Zenith
Zenith: ‘Best in Class’ for Workers’ Comp
Workers’ comp insurer Zenith is “best-in-class,” leading its peers in operating results and customer retention, according to Matthew Carletti of investment outfit Cochran Caronia Waller, who boosted his 2006 earnings estimate based on second quarter results. Business Week
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State Fund to Host Free Accident Investigation Training Seminar
California State Compensation Insurance Fund plans to hold a free seminar on accident investigation training Thursday, Oct. 12, from 9:00 a.m. to noon at its Monterey Park District Office. Workers’ Comp Executive
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Washington Workers Would Bear Partial Cost of Rate Cut
The Washington Department of Labor and Industries is proposing cutting workers’ compensation rates for the first time in six years. The 2-percent reduction would save employers about $31 million while slightly increasing premiums paid by workers. Seattle Times
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Mountain State Business Group Lauds State High Court
The West Virginia Supreme Court continues to be more evenhanded in its decisions affecting businesses during the past year than before a Republican took a seat previously occupied by a Democrat, according to the state chamber of commerce’s annual “Court Watch” report. The report cites a notable decision in which a stamping plant worker claimed he lost his in retaliation for filing a workers’ comp claim. By George Hohmann, Charleston Daily Mail
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Attorney: Noe Wants His Day in Court
Lawyers for Ohio businessman and political fundraiser Tom Noe, who has pleaded not guilty 46 felony charges stemming from allegations that he embezzled more than $3 million from two coin funds he managed for the Ohio Bureau of Workers’ Compensation, say their client looking forward to the trial that’s slated to begin in just over a month. By Mike Wilkinson, Toledo Blade [With Photo] Go to the Full Story…
More Air Traffic Controllers Mean Workers’ Comp Cuts
Air traffic controllers say they are severely understaffed and overworked as the Federal Aviation Administration tries to control costs for operating air traffic control facilities. But as the FAA moves forward with plans to hire more than 900 new controllers, workers’ compensation and overtime costs are expected to be cut. By AP via Statesboro (Ga.) Herald [With Photo] Go to the Full Story…
A.M. Best Affirms Ratings of Trustmark and Revises Outlooks
Ratings bureau A.M. Best Co. affirms the financial strength rating of B++ (Very Good) and the issuer credit ratings of “bbb” of Trustmark Insurance Company and Trustmark Life Insurance Co. Workers’ Comp Executive
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NCCI: High Cost Workers’ Comp Claims Declining Too
An ongoing decline in the frequency of workers compensation claims has now reached large claims—those those valued at $50,000 or more—according to the National Council on Compensation Insurance. By Robert Ceniceros, Business Insurance
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Opinion: Empire State Lawmakers Need to Heed New Report
An Albany consultant’s recent report finding that New York’s workers’ compensation system is expensive and underperforming should have surprised no one. But lawmakers need to pay attention anyway. Utica Observer-Dispatch
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