Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
Risk Retention Groups’ Assets, Surplus Continue to Rise: Demotech
Nov 6 2012 // Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to a review of their financial data by the Ohio-based actuarial firm Demotech. RRGs continued to grow and...
Aon Launches Risk Pooling Practice for Public, Private Sector Groups
Oct 12 2012 // Aon Risk Solutions, the global risk management business of Aon plc, has formed the Aon Risk Solutions’ Risk Pooling Practice, providing property, casualty and employee benefits pooling products for private and public...
Physicians Insurance Acquires EMPAC/SCRUBS
Aug 6 2012 // Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS risk retention group management companies. Through this acquisition Physicians...
RRGs Financially Stable Despite Q1 Underwriting Losses: Demotech
Jul 19 2012 // First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a $10 million net underwriting loss collectively, however, they also reported $49.8...
Alternative Security Puts $6.17B Back Into Calif. Businesses
Jul 2 2012 // Department of Industrial Relations Director Christine Baker on Monday approved implementation of the 2012/2013 Alternative Security Program, freeing $6.17 billion in capital and giving self-insured California businesses...
MDS Group Launches HighDome, a Self Insurance Protected Cell Company
Jul 2 2012 // European and Latin American insurance and reinsurance brokerage and risk consulting provider, MDS Group, announced the launch of HighDome PCC Ltd, a protected cell company, “to provide alternative risk financing...
Expense Report
May 21 2012 // Multistate regulation adds 26 percent on average to the expense ratio of a multistate commercial liability insurer. That’s compared to an insurer, such as a risk retention group, which only has to comply with a...
The Cost of Duplicate Regulation
May 21 2012 // Multistate Regulation Hikes Commercial Insurers’ Expenses and Premiums by 26% Buyers of commercial liability insurance pay on average 26 percent more in insurer expenses if their insurance company has to comply with...
Duplicate Regulation Drives Up Commercial Premiums, Says Iowa Researcher
May 8 2012 // Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply with regulations from multiple states instead of just a single regulator,...
N.J. Examines Stop-Loss Insurance for Self-Insured Small Businesses
May 2 2012 // A growing number of small businesses in New Jersey are self-funding or self-insuring their employees’ healthcare costs, and they are opting out of paying fixed premiums for traditional health insurance plans like...
TDI-DWC Approves 7 to Self-Insure for Workers’ Compensation
Apr 25 2012 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved seven renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a...
North Carolina Auto Insurance Reform Postponed Until Next Year
Apr 16 2012 // North Carolina lawmakers have decided to postpone any major effort to reform the state’s automobile insurance market until next year citing the complexity of the subject and a lack of time due to a shorten...
Nearly 3K Medical Professional Liability Claims Closed in Ohio in 2010
Apr 12 2012 // Close to 3,000 medical professional liability claims were closed in Ohio in 2010, regulators report. The Ohio Department of Insurance’s annual Ohio Medical Professional Liability Closed Claim Report for 2010 showed a...
New Members Appointed to Illinois Self Insurance Advisory Board
Mar 20 2012 // Illinois Workers’ Compensation Commission Chairman Mitch Weisz has made two new appointments to the Illinois Self-Insurers Advisory Board: David Henwood of CCMSI, a risk management company in Danville, and Deborah...
Report: Increasing Workers’ Comp Losses For California Public Self-Insureds
Mar 12 2012 // A analysis of more than 10 years’ worth of data shows for the fifth consecutive year increases in the average loss per claim, led by escalating medical losses, pushed up total workers’ compensation costs for...
What to Know About Public Entity Self-Insured Retention Programs
Feb 6 2012 // Public entities across the nation must professionally manage the numerous required services that communities demand. Such services are expensive to operate and, in recent tight budget years, entities are often forced to...
AMS RRG Launches Plastic and Aesthetic Surgery Program
Feb 1 2012 // AMS RRG will start offering new medical liability insurance coverage options specifically designed for plastic and aesthetic surgeons beginning this month. Dr. Harry K. Moon will lead the new program as specialty medical...
Texas Approves 13 Companies to Self-Insure for Workers’ Comp
Jan 24 2012 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved 13 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a...
Vermont Added 41 New Captive Insurance Companies in 2011
Jan 11 2012 // Vermont added 41 new captive insurance companies last year, bringing the total number of licenses to 952, with 590 active captive insurance companies, according to data released by the Vermont Banking, Insurance,...
Medical Liability Insurer MMIC Forms Risk Retention Group
Jan 10 2012 // Minneapolis, Minn.-based medical liability insurer MMIC Group Inc. (MMIC) has formed a risk retention group — MMIC RRG Inc. — to meet the evolving medical liability needs of physician groups, clinics or hospitals based...
