Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
Large Deductible Versus Self-Insured Retention
May 3 2021 // With recent predictions that the hardening of the commercial insurance market will continue beyond 2021, corporate insurance buyers are exploring all means of mitigating the adverse impact of limited insurer capacities and...
Self-Insured Minneapolis Will Tap City Budget to Pay Floyd Settlement
Mar 17 2021 // Minneapolis will have to look beyond its insurance fund to pay out the $27 million settlement to George Floyd’s family over his killing by police last year. The settlement, one of the largest pre-trial payments for...
California Workers’ Comp Public Self-Insured Med-Only Claims Drop
Dec 11 2020 // Initial data on fiscal year 2019/2020 public self-insured claims experience in the California workers’ compensation system show claim volume fell 6.4% compared with the prior year, but medical-only claims accounted...
Kentucky AGC Self-Insurers’ Fund to Return $18.5M In Dividends, Decrease Rates
Nov 20 2020 // The Kentucky Associated General Contractors Self-Insurers’ Fund, a workers’ compensation insurance provider in the state of Kentucky, will return more than $18.5 million, including special fund tax...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
13 New U.S. Property/Casualty Insurer Impairments in 2019
Nov 16 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
U.S. P/C Insurer Impairments Rise Slightly in 2019: AM Best
Nov 5 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Dulich Added to California Workers’ Comp Ethics Advisory Committee
Jul 21 2020 // California Division of Workers’ Compensation Administrative Director George Parisotto has appointed Jill A. Dulich to serve as a member of the Workers’ Compensation Ethics Advisory Committee. Dulich will fill...
California Workers’ Comp Self-Insured Claims Flat in 2019, But Incurred Losses Rose $35M
Jul 13 2020 // California workers’ compensation private self-insured claim frequency was relatively stable in 2019 as the incidence of medical-only and lost-time claims registered only marginal declines after increasing in 2017 and...
Vermont-Domiciled Global Hawk Insurance Placed Into Liquidation
Jul 7 2020 // The Vermont Superior Court for Washington County has placed Global Hawk Insurance Company Risk Retention Group (Global Hawk RRG) into liquidation as of June 8, 2020. The liquidation is being handled by the Vermont...
Umbrella or Excess Liability: What’s the Difference?
Jun 15 2020 // Do I need an umbrella policy or an excess policy? Is there a difference and does anyone care? There are a few reasons that an insured may need (or want) more liability coverage than certain policies will provide. The...
How COVID-19 Is Changing Insurance for Schools
Jun 1 2020 // Lilian A. Vanvieldt, senior vice president, educational entities practice leader, for Alliant, has spent more than three decades insuring schools across the country. Her book spans from small school districts to very large...
Resler Appointed to Florida Self Insured Guaranty Association
Mar 13 2020 // Risk manager Mark Resler has been appointed to the Florida Self Insured Guaranty Association (FSIGA) by Florida Chief Financial Officer (CFO) Jimmy Patronis, according to a statement from the Florida Department of...
Insurance CEO Takes Fight for Nonprofit Coverage to Congress
Feb 10 2020 // Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the...
Iowa Risk Pool Criticized for Travel Seeking to Block State Audit
Jan 6 2020 // A group that insures local governments across Iowa is going to court to try to block the state auditor from reviewing its spending, including on board members’ travel to out-of-state vacation destinations. The Iowa...
Study: California Self-Insured Employers Save Over Traditional Workers’ Comp
Dec 16 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy. It should be noted that the study was commissioned by the California...
Study: California Self-Insured Employers Save Over Traditional Workers’ Comp
Dec 5 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy. It should be noted that the study was commissioned by the California...
Outlooks Revised to Positive for Minnesota Lawyers Mutual, MLM Risk Retention Group
Aug 2 2019 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Minnesota Lawyers Mutual Insurance Co.,...
California Self-Insurers Board Greenlights Workers’ Comp Alternative Security Program
Jul 30 2019 // The board of the California Self-Insurers’ Security Fund has approved the 2019/20 Alternative Security Program. The ASP provides a financial backstop to replace security deposits required to collateralize...
Report: California Private Self-Insured Employers Comp Claim Frequency Rose Last Year
Jul 19 2019 // Workers’ compensation claim frequency reported by private self-insured employers in California rose last year, as the incidence of both indemnity and medical-only claims rose from the 2017 levels, the California...
