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Employers Insurance Offers New Group Pricing Program

Employers Insurance Group announces that it is providing California physicians and surgeons improved special group pricing on workers’ compensation insurance through Employers Compensation Insurance Company. New pricing for qualified accounts at the special group rate begins with October business, Employers states in a press release. The new base rates are enhanced through increased credits for … Read More »

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EIG Mutual Holding Company To Go Public

The Nevada-based parent of Employers Compensation Insurance Company plans to convert to a stock company from a mutual. The plan is designed to give EIG Mutual Holding Company Inc. a strong financial base to back up its California and Nevada subsidiaries in case the markets in either state harden or collapse. Both carriers write workers’ … Read More »

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SCIF Plans 20% Commission Hike For Group Business

State Compensation Insurance Fund’s interim president, Jim Tudor, plans to ask its board of directors to approve a short-term commission increase on its group workers’ comp business to 12 percent from 10 percent, effective Oct. 1, according to sources. The move is consistent with its increases in commissions in other classes of business. What’s unusual … Read More »

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News Digest 9/6/2006

S.D. Roofer Ordered to Pay $119,000 in Restitution to State Fund The 43-year-old owner of a San Diego roofing business must pay $119,000 in restitution to the State Compensation Insurance … Read More »

San Diego Roofer Ordered To Pay $119,000 In Restitution To State Fund

The 43-year-old owner of a San Diego roofing business must pay $119,000 in restitution to the State Compensation Insurance Fund as part of his sentencing for workers’ compensation insurance fraud. Arturo Cuevas, 43, owner of Cuevas Roofing & Painting, Inc./Western Pacific Design & Development, Inc., was also sentenced to three years probation after pleading guilty … Read More »

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A.M. Best Affirms Ratings Of Trustmark And Revises Outlooks

Ratings agency A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit ratings of “bbb” of Trustmark Insurance Company and Trustmark Life Insurance Co., both of Illinois. The FSR outlook has been revised to stable from negative. Concurrently, A.M. Best has affirmed the debt rating of “bb-” on … Read More »

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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, 2006, from 9:00 a.m. to noon at State Fund’s Monterey Park District Office, 900 Corporate Center Drive, in Monterey Park. Registration is available by mail, fax, phone, or e-mail. Participants are advised to register early because seating … Read More »

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News Digest 9/1/2006

PMA to Provide Midwest Insurance Companies with California Workers’ Comp Products Pennsylvania’s PMA Insurance Group announced earlier this week that it is has entered into an agreement with Midwest Insurance … Read More »