Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
NBIS Contracts Program to Build Upon
Jun 10 2002 // From mold to construction defects, contractors and those who insure them can run into a mound of claims when building. One company who has stepped in to construct a program for contractors is Nevada-based National Builders...
The Illusion of Protection: Terrorism, War and Workers’ Compensation
Apr 15 2002 // The impact of the terrorist attacks of September 11th on the property/casualty insurance industry can hardly be overstated—the largest catastrophe loss ever; an unprecedented convergence of coverages, creating a...
Auto Dealers Become First to Self-Insure Under Calif. DIR Plan
Jan 21 2002 // The California Department of Industrial Relations (DIR) announced that it had recently approved a plan allowing some private sector groups to self-insure workers’ compensation liabilities. California Motor Car...
Calif. Fund Pays More than $11M in Defaulted Workers’ Comp Claims
Dec 14 2001 // California Department of Industrial Relations Director Stephen Smith has ordered the state’s Self Insurers’ Security Fund to take charge of payment of HomeBase Inc. and San Francisco French Bread Company...
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Industry, Legislators Ponder Formation of Terrorist Risk Pool
Oct 10 2001 // The idea of creating a federally backed insurance pool to guard against future acts of terrorism is gathering steam on Capitol Hill. The Wall Street Journal reported on Oct. 9 that top-level insurance executives and...
Hardening Market Heralds Rush to Alternatives
Aug 20 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
‘A-‘ for NIAC
Aug 13 2001 // A.M. Best Co. assigned an “A-” financial strength rating (FSR) to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” ratings to Alliance of Nonprofits for Insurance, Risk Retention...
A.M. Best Assigns Rating to NIAC and Affiliated Companies
Jul 26 2001 // A.M. Best Co. assigned an “A-” (Excellent) financial strength rating to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” (Very Good) ratings to Alliance of Nonprofits for...
DRAMA in the Nonstandard Arena: The NONSTANDARD AUTO MARKET gets ready for action that will include
Mar 19 2001 // The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the late ’90s, low entry barriers, including modest surplus levels required to...
DRAMA in the Nonstandard Arena
Mar 12 2001 // The NONSTANDARD AUTO MARKET gets ready for action that will include increased RATES, risking LOSSES and overall market VOLATILITY. The nonstandard auto market enjoyed above-average growth and profitability across the...
Nonprofits Form RRG in Vermont
Feb 6 2001 // Charitable nonprofit organizations will soon have access to a new risk retention group called Alliance of Nonprofits for Insurance Risk Retention Group. The alliance was recently licensed in Vermont and offers charitable...
Illinois Workers’ Comp Self-insurance Pool Ordered into Liquidation
Jan 25 2001 // Illinois Insurance Director Nat Shapo received approval this week to place the Back of the Yards Neighborhood Council Risk Management Association Workers Compensation Trust into liquidation. The company, referred to as...
Illinois Electrical Employees WC Self-Insurance Pool Liquidated
Nov 7 2000 // Illinois Electrical Workers’ Compensation Association Inc. was placed under an order of liquidation on Nov. 4. The Circuit Court of Cook County granted Illinois Insurance Director Nathaniel S. Shapo’s petition...
Liquidation Ordered For Illinois Earth Care Workers Compensation Self-Insurance Pool
Nov 1 2000 // The Circuit Court of Cook County, Ill. has granted Insurance Director Nathaniel S. Shapo’s petition to place Illinois Earth Care Workers Compensation Trust into liquidation. The Illinois group workers’...
Calif. Nonprofits Charitable Risk Pool Plans National Expansion
Aug 7 2000 // For more than a decade, National Insurance Alliance of California (NIAC) has borne the unique distinction of being a nonprofit organization which insures other nonprofit groups in the state of California. Now, thanks to a...
WORKERS’ COMP MARKET OVERVIEW
Apr 3 2000 // CALIFORNIA STILL CRAZY AFTER ALL THESE YEARS By Sky Barnhart “After five years of product being given away, it’s a crazy, crazy market, and it’s put a lot of people on the producers’ side out of...
