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April 25, 2024
California Department of Industrial Relations and Cal/OSHA Will Honor Workers’ Memorial Day at Four Events in California on April 28th-29th 2024. Cal/OSHA Joining Partners in Arcadia, Richmond, San Diego and San Francisco.

April 23, 2024
California Division of Workers' Compensation Launches Online Portal for Submission of QME Medical-Legal Reports

April 22, 2024
California Division of Workers’ Compensation Posts Updated Time of Hire Notice

April 22, 2024
Sullivan on Comp Launches ChatSOC. It's an Innovative Chatbot for California Workers' Compensation Professionals Integrated with an Authoritative Legal Treatise

American International Group, one of California’s largest employers of claims adjusters, scored some major news on the foreign front, even as AIG shares fell 65 cents to close at $77.58 Aug. 22 on NYSE.

Roller-coaster stock news aside, an AIG-led consortium agreed to take control of three financial affiliates of conglomerate Hyundai Group for $856 million, the biggest foreign investment in South Korea’s financial history, Bloomberg News quoted US investor Wilbur Ross, one of the buyers.

Reporter Kyunghee Park said, "The purchasers—including insurance giant AIG; California Public Employees Retirement System, the largest US public pension fund; and GE Capital Corp., the largest US non-bank finance company—will gain access to 250 financial-services outlets in Asia’s third-biggest economy."

Park said the pact includes a $706 million infusion by the government for Hyundai Investment Trust Management Co., one of the companies being bought, and wraps up 14 months of talks.

Even as Korea has slumped to its lowest growth since 1998, Park said, the 2.7% annual expansion is faster than in the US and Europe.

Regarded as the leading US-based international and financial services organization and the largest underwriter of commercial and industrial insurance in America, AIG has a triple-A Standard and Poor’s rating and A++ by Best. Co., matching the same ratings as State Farm and surpassing Allstate, The Hartford, Liberty Mutual and Nationwide.