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Keyword: workerscompclaims

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  • Titanic insurer Atlantic Mutual sinks

    05/06/2011 9:18:27 PM PDT · by george76 · 9 replies · 1+ views
    MarketWatch ^ | May 6, 2011 | Alistair Barr
    After 173 years, insurer swamped by wave of workers’ comp claims. Atlantic Mutual Insurance Co. managed to pay out claims when the legendary Titanic passenger liner sank in April 1912, but the insurer couldn’t survive a wave of workers’ compensation claims, industry publication BestWire reported Friday. The company was placed into liquidation and New York’s superintendent of insurance was appointed liquidator on April 27, according to the website of the New York Liquidation Bureau. Atlantic Mutual Insurance was incorporated under the laws of the state of New York on April 11, 1842. ... Workers’ compensation insurance covers the cost of...