Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
Ohio Joins in Objecting to Chrysler Sale for Workers’ Comp Reasons
May 19 2009 // The state of Ohio has joined Michigan in its objection to the pending sale of Chrysler LLC because of workers’ compensation issues. Ohio Attorney General Richard Cordray said his office filed a limited objection to...
Montana Legislature Passes Industry-Backed Captive Insurance Law
Mar 26 2009 // The Montana Legislature has passed abill designed to strengthen the state’s position as a captive domicile. The bill, HB 160, is expected to be signed into law by Governor Brian Schweitzer before the end of the...
Announcing the Redomestication of National Contractors Insurance Company, Inc., A Risk Retention Group to Montana!
Feb 9 2009 // National Contractors Insurance Company, Inc., a Risk Retention Group (NCIC) specializing in general liability insurance for licensed residential and commercial general and artisan contractors, has redomesticated to...
North Dakota Weighs Letting Firms Self-Insure for Workers’ Compensation
Jan 20 2009 // A North Dakota state agency is the only entity that can legally sell workers compensation insurance to businesses in the state. But Minot state Rep. Dan Ruby says it’s about time the Workforce Safety and Insurance...
13 Companies OK’d to Self-Insure for Workers’ Comp in Texas
Dec 3 2008 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved thirteen companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance...
Aon Redomiciles White Rock RRG from Gibraltar to Malta
Oct 28 2008 // Aon announced that part of its White Rock operation, described as a “unique group of insurance and reinsurance vehicles with operations in key domiciles including Bermuda, Gibraltar, Guernsey and Luxembourg,”...
Small Business Owners Unfamiliar With Risks in Self-Insured Groups’ Workers’ Comp Insurance
Oct 10 2008 // Small business owners are not fully aware of the financial risks involved in obtaining workers’ compensation insurance through self-insured groups, according to the results of the most recent Small Business Opinion...
Federal Grants Go to South Dakota Insurance Risk Pool
Aug 22 2008 // Federal grants totaling nearly $725,000 will be used to help defray costs of South Dakota’s insurance risk pool and establish a vaccination program for those covered by the risk pool. South Dakota is one of 30 states...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Aug 21 2008 // By Andrea Wells In a busy month for insurance issues on Capitol Hill, the U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises marked up bills creating a federal...
York Insurance Services Group, Inc. invests in Gregory B. Bragg & Associates, Inc.
Jul 25 2008 // York Insurance Services Group, Inc. invests in Gregory B. Bragg & Associates, Inc. creating leading public entity insurance services provider in U.S. PARSIPPANY, N.J., (July 25, 2008) – York Insurance Services...
Not All N.Y. Workers’ Compensation Self-Insurance Trusts are in Trouble
Jul 11 2008 // New York officials have closed 14 workers’ compensation self-insured trusts in the past few years and questioned the financial stability of 22 others. However, that still leaves 29 group trusts operating in the state...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Jul 10 2008 // In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored...
N.Y. Engineers Rescue of Workers’ Comp Trusts
Jul 7 2008 // But Those Involved with 14 Failed Trusts Remain on the Financial Hook New York State lawmakers have authorized $52 million from an emergency state fund to assure uninterrupted payment of benefits of injured workers whose...
Florida Elderly Services Crunch Could Spur Demand for Liability Insurance
Jul 1 2008 // Florida faces a crisis in meeting the demand for aging services over the next 22 years as the population aged 85 and older is forecast to grow by 126 percent. This will require 15,000 more skilled nursing beds at a time...
Administrator CRM Goes Bust with New York Workers’ Comp Trusts
Jun 4 2008 // CRM Holdings, which had been a major third party administrator for self-insured workers’ compensation trusts in New York, will surrender its trust license by the end of the summer as part of a settlement reached with...
The 2007 Numbers are in for National Contractors Insurance Company, Inc., A Risk Retention Group (NCIC)
Jun 4 2008 // Another Year of Solid Growth, With 2007 Premiums Increasing By 16.5% Over 2006 Strength and Security – Reinsured by AM Best Rated A- IX, 95:5 Quota Share After 1st $10,000 – Arguably One of the Strongest...
Texas Approves 10 Companies to Self-Insure for Workers’ Comp
May 30 2008 // Commissioner of Workers’ Compensation Albert Betts approved 10 companies, employing approximately 31,400 employees in Texas, to self-insure for workers’ compensation claims for a one-year period under the Texas...
CRM First Quarter Reflects Self-Insured Group Closings in N.Y.
May 7 2008 // Workers’ compensation insurance firm CRM Holdings, Ltd. reported that net income increased 71.7% to $5.0 million, from $2.9 million a year ago, but fee income plummeted due in part to the closing of CRM’s...
Time to Expand Risk Retention Law to Property
May 5 2008 // The Liability Risk Retention Act of 1986 (LRRA) was enacted for the specific purpose of providing options to businesses and nonprofit organizations that were having trouble finding commercial liability insurance that...
Risk Retention Groups Could Add Property Coverage Under Bill in Congress
May 5 2008 // Legislation designed to modernize the federal Liability Risk Retention Act (LRRA) of 1986 was introduced into Congress on April 15. HR 5792, or the “Increasing Insurance Coverage Options for Consumers Act of...
