Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
Arizona Law Clarifies Medical Marijuana Insurance Requirements
Apr 9 2015 // Workers’ compensation carriers and self-insurers will not be required to pay for a patient’s medical marijuana under a new bill Gov. Doug Ducey signed into law. The state’s more than 63,000 holders of...
Consultant: Self-Insurance for Wisconsin State Employees Premature
Mar 27 2015 // A consultant says it’s not feasible to move to a self-insurance model for Wisconsin state employees next year. The Wisconsin State Journal reports that the consultant’s report found moving from a competitive...
Second Injury Funds: Are They Still Necessary or Just a Drain On the System?
Mar 25 2015 // Second (or subsequent) injury funds (SIFs) have been abolished in 20 states. Alabama and Maine began this movement in 1992, with South Carolina being the most recent convert; each ending its respective program in 2013....
Louisiana P/C Self-Insurance Program Selects New Contractor
Mar 23 2015 // A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana’s self-insurance program. The Office of Risk Management announced that Sedgwick Claims Management...
Sedgwick to Oversee Louisiana Property/Casualty Self-Insurance Program
Mar 16 2015 // A new private contractor is being hired to oversee claims processing and loss prevention services for Louisiana’s self-insurance program. The Office of Risk Management announced that Sedgwick Claims Management...
Claim Concepts & Solutions – CC&S is pleased to announce the formation of its sister company Recovery Concepts & Solutions, LLC – RC&S, providing Expert Subrogation & Tort Recovery
Jan 27 2015 // CC&S is a premier national auditing group providing specialized audits to the risk industry including, best practices, reserve adequacy, inventory evaluations, claim file audits and inventory reduction concepts and...
10 Companies OK’d to Self-Insure for Workers’ Comp in Texas
Dec 23 2014 // The Division of Workers’ Compensation (DWC) approved one new Certificate of Authority to self-insure workers’ compensation claims and renewed nine such certificates. The companies receiving the certificates...
Nebraska High Court: Federal Risk Retention Act Preempts State Law
Oct 2 2014 // The Nebraska Supreme Court ruled recently that a district court erred when it found that a federal law did not preempt the state’s prohibition against mandatory arbitration clauses in insurance contract. In Speece v....
American Claims Management Now Managing GL & Excess Claims For Golden Insurance Company Risk Retention Group
Jul 24 2014 // San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess...
North Carolina Looks to Grow Captive Insurance with Amended Law
Jul 11 2014 // North Carolina Insurance Commissioner Wayne Goodwin said North Carolina is now an even more attractive home for captive insurance companies with the enactment of a law allowing new captive types and providing some...
12 Companies Approved to Self-Insure for Workers’ Comp in Texas
Jul 9 2014 // The Texas Division of Workers’ Compensation (DWC) approved 12 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the DWC...
DIR: California’s Alternative Security Program Frees $7.5B for Businesses
Jul 2 2014 // Department of Industrial Relations Director Christine Baker has approved the implementation of the 2014/15 Alternative Security Program, which DIR says frees $7.54 billion in working capital and provides self-insured...
American Claims Management Earns Security American Risk Retention Group Business
Jun 16 2014 // San Diego, CA, 06/16/14 – Security America Risk Retention Group (RRG) has appointed American Claims Management Inc. (ACM), a national third party administrator (TPA), to manage its general liability and professional...
Africa Launches First Catastrophe Risk Insurance Pool
May 16 2014 // In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African countries. Three decades...
10 Things to Know About Public Entities
Apr 21 2014 // There are 3,141 counties and county equivalents in the 50 U.S. states and the District of Columbia. (USGS CoreFacts, U.S. Geological Survey) Counties build and maintain 45 percent of the public roads and 230,690 of the...
North Carolina Coastal Homeowners Weigh Self-Insuring for Floods Due to Premium Hikes
Apr 7 2014 // Bill Cherry has seen his share of storms buffet his house and his Breezeway Restaurant and Motel near Topsail Beach in North Carolina, a slip of a barrier island just over two blocks wide. But with sharp increases in...
Selective Sells Renewals on Self-Insured Public Entity Book to Great American
Apr 4 2014 // Great American Insurance Group has completed a renewal rights agreement with Selective Insurance Co. of America to acquire Selective’s Self-Insured Group book of business. The business, amounting to $38 million in...
North Carolina Coastal Homeowners Weigh Self-Insuring for Floods
Mar 27 2014 // Bill Cherry has seen his share of storms buffet his house and his Breezeway Restaurant and Motel near Topsail Beach in North Carolina, a slip of a barrier island just over two blocks wide. But, with sharp increases in...
Mass. AG Office Says 7.7% Workers’ Comp Rate Hike Unnecessary
Feb 11 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
11 Companies to Approved to Self-Insure for Workers’ Comp in Texas
Feb 4 2014 // The Texas Department of Insurance-Division of Workers’ Compensation has approved 11 companies self-insure for workers’ compensation claims. To qualify, a company must have a minimum workers’ compensation...
