12/17/2020
The defendants Christopher Lamont and Jorge F. De Los Rios the administrator of the estate of Felix De Los Rios decedent appeal from the judgment of the trial court declaring that a unicover insurance policy issued by the plaintiff the Universal Underwriters Insurance Company does not provide
Category: Cases
10/21/2004
Why Fitch Expects Further Losses' it answers the questions why Unicover and similar workers' compensation carve out disputes have taken so long to settle and why Fitch believes that over the next 12-18 months these disputes may reach resolution. Unicover Managers Inc. was responsible for the
Category: News
05/27/2004
Unicover Managers Inc. Unicover. While these pools have incurred substantial losses Phoenix's exposure has been mitigated through settlement and favorable arbitration decisions.
However Phoenix made extensive use of reinsurance reinsuring to other reinsurers to reduce its gross exposure and
Category: News
11/20/2005
By David J. DePaolo
The following article is the third in a series on national trends in workers' compensation. Part 1 reviewed the "The Social Contract" and Part 2 discussed the Unicover debacle. This third part reviews deregulation of the market in California.The basis of this
Category: Industry Insights
10/08/2004
Fitch Ratings' North American Life Insurance group will hold a 45-minute conference call Tuesday Oct. 12 at 300 pm ET200 pm CT to discuss U.S. life insurance's exposure to the workers' compensation line including Unicover.
The ongoing exposure of the U.S. life insurer sector to workers
Category: News
06/23/2006
reported the refunds stem from overcharges related to Universal's " Unicover" program a loss-control incentive plan that rewards policy holders for controlling losses and implementing loss-control practices.
However a recent routine investigation revealed that Universal was not uniformly rewarding
Category: News
10/24/2005
negatively but when combined destroyed the underlying fundamentals of workers compensation finance. These four elements were the Unicover scandal pricing deregulation in California the stock market crash and the curiosity of risk loss transfer portfolios and manipulation of stated workers' compensation
Category: Industry Insights
12/03/2005
By David J. DePaolo
The following article is the third in a series on national trends in workers' compensation. Part 1 reviewed the "The Social Contract" Part 2 discussed the Unicover debacle and the third part reviewed deregulation of the market in California. This part of the series
Category: Industry Insights
12/16/2006
the industry enormous sums in settlements. As the industry was reminded during the Unicover meltdown in the late 1990s there also is a potential conflict of interest when managing general agents are paid commissions on the amount of business they write.
Much as industry management might
Category: Industry Insights
12/22/2005
In continuing fallout from the Unicover reinsurance scandal that plagued the workers' compensation market in the late 1990's and early 2000's the Second Appellate District of California yesterday in an opinion not certified for publication reversed an arbitration award that favored the
Category: News