Fitch US Insurance Teleconf 10/12 on Workers' Comp Carve-Out.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch fitch: see polecat. Ratings' North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Life Insurance group will hold a 45-minute conference call Tuesday, Oct. 12 at 3:00 pm ET/2:00 pm CT to discuss U.S. life insurance's exposure to the workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. line, including Unicover. The ongoing exposure of the U.S. life insurer sector to workers' compensation carve-out business continues to be mired mire n. 1. An area of wet, soggy, muddy ground; a bog. 2. Deep slimy soil or mud. 3. A disadvantageous or difficult condition or situation: the mire of poverty. v. in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. proceedings and arbitration between the direct writers, reinsurers, and retrocessionaires. Fitch believes that the current state of ongoing settlement negotiations is very fluid and expects that settlements are increasingly likely over the next 12-18 months. Based on our view that life insurers have not fully reserved for this exposure, Fitch also believes that additional charges are forthcoming. This teleconference will coincide with the release of a Fitch special report, 'Workers' Compensation Carve-Out Revisited: Why Fitch Expects Further Losses.' The report both highlights the main industry risks and provides company specific exposures. To view the report, go to 'www. fitchratings.com' a few hours prior to the teleconference and search under Financial Institutions/Insurance/Special Reports. During this teleconference Fitch's Douglas Meyer and Douglas M. Pawlowski will provide approximately 25 minutes of remarks. An open Q&A session will follow. --U.S. Callers (toll-free): +1-888-869-0374 --Int'l Callers (toll): +1-904-779-4767 --Respond with Chairperson's Name: 'Douglas Meyer' A replay of the call will be available immediately upon the conclusion of the teleconference by dialing the numbers listed below. For replay, please quote the PIN number shown: --U.S. Replay (toll-free): +1-800-252-6030 --Int'l Replay (toll): + 402-220-2491 --Replay PIN: 26769087 |
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