New data from the Workers’ Compensation Insurance Rating Bureau of California indicate that reforms are still unclogging the system, yielding positive results for the industry and employers. Aggregate California workers’ comp premium continues to slide and loss ratios hit new lows in the third quarter of this year, the Bureau reports in its analysis of …
WCIRB: Costs Continue Downward Trend California’s workers’ compensation system is continuing to make strides, according to the Workers’ Compensation Insurance Rating Bureau of California: written premium reported for the first …
Costs Spur Jockeys to Reorganize Efforts to Find Coverage California horse jockeys, concerned over the rising costs of insurance offered by the national Jockeys’ Guild, are looking elsewhere for alternative …
A.M. Best Company affirms the financial strength rating of B++ (Very Good) for Trustmark Insurance Company and Trustmark Life Insurance Company. It’s also upgraded the issuer credit ratings to bbb+ from bbb for both carriers. The upgrade of the ICR and the positive assignment of the FSR reflect Trustmark’s strengthened capital position after the sale …
Marsh Deal with N.C. Workers’ Comp Fund Taps Derivatives Market A unit of insurance broker Marsh & McLennan announces a $510 million deal with a North Carolina workers’ compensation insurance …
Zenith National Insurance Corp. (NYSE:ZNT) announces a quarterly cash dividend of $0.35 per share on its outstanding shares. The dividend is payable to eligible stockholders on February 14, 2007.
Department Weights Industry Comments on Deductible Proposal The California Department of Insurance says it feels the industry’s pain in regard to its proposed regulation on deductible policies, but does that …
The California Restaurant Mutual Benefit Corporation, a self-insurance group that provides workers’ compensation insurance coverage to nearly 300 California employers with approximately 70,000 employees in the restaurant and food service industries, will return a dividend of $7.1 million to its members for the 2005 program year, its board of directors announces. The $7.1 million in …