Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
Nonprofits’ Insurance Alliance of California Celebrates 15 Years
Dec 6 2004 // Nonprofits’ Insurance Alliance of California (NIAC), a nonprofit, charitable risk pool specializing in 501(c)(3) nonprofit organizations, recently celebrated its 15th anniversary. NIAC, based in Santa Cruz, Calif.,...
TWCC Approves Certificates of Authority for Seven Companies to Self-Insure
Nov 23 2004 // The Texas Workers’ Compensation Commission has approved a first-time application for a Certificate of Authority to Self-Insure for one company and also approved the renewal of certificates for six other companies...
Wy. Study Says Risk Pool Benefits Limited
Nov 22 2004 // Creating a risk retention group to provide medical malpractice liability insurance for Wyoming doctors would probably not lower their insurance rates, but it might help address having too few insurance providers in the...
Rated Self-Insurance Pools Outperform Commercial Insurers and Captives, A.M. Best Study Shows
Nov 18 2004 // Self-insurance pools interactively rated by A.M. Best Co. bear out the effectiveness of the stringent entrance requirements of members, focused loss-mitigation activities, and ownership interest in both the loss exposure...
Private Schools Band Together to Save on Workers’ Comp Costs
Sep 22 2004 // Facing ever-increasing workers’ compensation costs, a group of Northern California private schools submitted an application to the state to form a self-insurance group and is inviting private and parochial schools...
PCI: Ivan Will Test Louisiana’s New High-Risk Pool, But Insurers Should Be Able to Meet Claims
Sep 16 2004 // While Louisiana’s new insurance high-risk pool reportedly hasn’t had enough time to build up a financial cushion to absorb the potential effects of Hurricane Ivan, other reforms in place should enable insurers...
TWCC OKAYS NINE SELF-INSURE COAs:
Sep 6 2004 // The Texas Workers’ Compensation Commission recently approved the reapplication for Certificates of Authority to Self-Insure for a one-year period by nine private employers. Texas law allows certain large, private...
AIK Comp: Kentucky’s Enron’
Sep 6 2004 // AIK Comp’s precarious financial situation in Kentucky should serve as a wake-up call for the workers’ compensation group self-insurance market in the Bluegrass State. Lawmakers and regulators in Kentucky need...
Monument LLC, Forms Cornerstone Comp to Serve Faith-based Schools
Aug 17 2004 // Monument LLC, a California-based design, implementation and management firm of self-insured workers’ compensation groups, announced that it has formed Cornerstone Comp Inc., a new, self-funded California-based...
ALABAMA DOI ISSUES WARNING ON HAWAIIAN RRG LIQUIDATION:
Aug 9 2004 // The Alabama Department of Insurance issued an alert to Alabama citizens concerning a Hawaiian risk retention group licensed to do business in Alabama that has been placed into a liquidation process by order of a Hawaiian...
Med-Mal, Comp Left on Table as Ill. Lawmakers Finally Adjourn
Aug 3 2004 // Although the Illinois General Assembly just wrapped up the longest overtime in state history, several bills critical to the insurance industry fell by the wayside due to ongoing political wrangling and the overshadowing...
Crawford & Co. Unveils Q2 Report
Jul 26 2004 // Atlanta-based Crawford & Co., an independent provider of claims management solutions to insurance companies and self-insured entities, announced its financial results for the second quarter ended June 30, 2004. Second...
Ala. DOI Issues Warning on Hawaiian RRG Liquidation
Jul 21 2004 // The Alabama Department of Insurance issued an alert to Alabama citizens concerning a Hawaiian risk retention group licensed to do business in Alabama that has been placed into a liquidation process by order of a Hawaiian...
Fla. DFS Fines Workers’ Comp Carriers, Self-Insured Plans More than $875,000 for Violations
Jul 13 2004 // The Florida Department of Financial Services has fined 31 providers of workers’ compensation coverage a total of more than $875,000 for failing to fully comply with Florida law in administering workers’ comp...
PCI: Reform Needed to Prevent Future Workers’ Comp Problems in Kentucky
Jun 30 2004 // The Property Casualty Insurers Association of America (PCI) is calling on Kentucky lawmakers to make changes to the workers’ compensation program in the Commonwealth in order to prevent future financial collapses...
WEST VIRGINIA WCBM PASSES PAIR OF RULES:
Jun 21 2004 // The Workers’ Compensation Board of Managers has approved two “historic” rules to regulate how self-insured companies will conduct business in West Virginia. Under Rule 18, the 127 active self-insured...
Arbitration Forums: Self-Insureds’ Use of Arbitration Growing, More Taking Advantage of Special Benefits
Jun 14 2004 // Self-insured companies are increasing their use of inter-company arbitration to reduce insurance-related costs and increase subrogation recovery and are realizing some unique benefits, according to Arbitration Forums Inc....
Workers’ Compensation Legislative Reforms in California
Jun 7 2004 // Avoiding the Trap of Failed Promises After four months of debate and intense pressure from the business community, the California Legislature and Governor Arnold Schwarzenegger approved a comprehensive workers’...
W. Va. WCBM Passes Pair of Rules
May 20 2004 // The Workers’ Compensation Board of Managers has approved two “historic” rules to regulate how self-insured companies will conduct business in West Virginia. Under Rule 18, the 127 active self-insured...
Mass. Commissioner Orders High Risk Pool Changes Within 30 Days; Governor Names Reform Task Force
Apr 30 2004 // Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto...
