Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
N.H. Court Upholds Local Government Center Repayment Decision
Jan 13 2014 // The New Hampshire Supreme Court has upheld an order for the Local Government Center to return $33 million in surplus risk-pool funds to participating cities and towns and restore $17 million it transferred out of its...
New York Issues $370M in Bonds to Resolve Workers’ Compensation Claims
Dec 23 2013 // New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made...
N.Y. Comp Board Presses On to Resolve Group Trust Liabilities
Dec 2 2013 // The New York State Workers’ Compensation Board (WCB) is pressing on with its effort to resolve the liability problems stemming from collapsed group self-insured trusts. WCB has been taking a multi-pronged approach to...
New Hampshire Risk Pool Manager Challenges $50M Refund Order
Nov 15 2013 // The New Hampshire Local Government Center is asking the state Supreme Court to reverse an administrative order that it refund $52 million to cities and towns it insures through its risk pool. The 2012 order found the LGC...
Texas Approves 10 Companies to Self-Insure for Workers’ Comp
Nov 12 2013 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved ten renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a...
Wisconsin Governor Explores Self-Insurance for Employees
Oct 2 2013 // Wisconsin Gov. Scott Walker is considering a proposal to shift state employees from health maintenance organizations to a state self-insured program. Employers that are self-insured carry the risk for losses and pay...
Alterna Enters MPL Space Through Captive, RRG Management Services
Sep 20 2013 // Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for physicians, clinics, and hospital groups through one company. Most group insurance...
Commentary: R.I. Court’s Ruling on Self-Insured Retentions in Med-Mal Policies
Jul 23 2013 // In a surprising decision, the Rhode Island Supreme Court held that a self-insured retention (SIR) endorsement in a nursing facility’s professional liability policy was void. However, the Court’s ruling is broad...
DIR: California’s Alternative Security Program Frees $7.7 Billion
Jul 10 2013 // Christine Baker, director of the Department of Industrial Relations, on Wednesday approved the implementation of the 2013/14 Alternative Security Program, which Baker said frees up $7.7 billion in capital that provides...
Risk Retention Groups Show Strong Financial Stability: Demotech
May 20 2013 // Risk retention groups (RRGs) continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the...
Risk Retention Groups Continue to Display Financial Stability: Demotech
May 7 2013 // Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the financial...
Risk Retention Association Hails Court Ruling in Nevada Battle
Apr 17 2013 // In a decision the National Risk Retention Association says will help clear any future hurdles faced by risk retention groups in other states, the Ninth Circuit Court of Appeals affirmed a District Court ruling that the...
Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers
Apr 10 2013 // New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently...
Ohio: 3K Medical Professional Liability Claims Closed in 2011
Mar 4 2013 // A total of 3,094 medical professional liability claims were closed in 2011 in Ohio, according to data collected by the Ohio Department of Insurance from entities providing medical professional liability coverage to Ohio...
The Hartford Offers Programs for Municipalities, Public Entity Risk Pools
Mar 4 2013 // The Hartford has expanded its commercial property practice to offer insurance programs for the public entity sector, with a particular emphasis on public entity risk pools, as cities and counties seek ways to manage...
N.Y. Gov.: New Workers’ Comp Bill Will Offer Relief to Businesses
Jan 28 2013 // New York State Gov. Andrew Cuomo said his administration plans to introduce new legislation to continue to improve the workers’ compensation system and provide relief to thousands of businesses. The new proposals...
West Virginia Municipal Insurer Balks at Defending Sheriff
Jan 25 2013 // The insurance pool for West Virginia county governments asked a judge Thursday to declare that it has no obligation to defend a Jefferson County sheriff who resigned in disgrace and pleaded guilty in the beating of a bank...
Kentucky Self-Insured Contractors Fund to Pay $16.5M Dividend
Jan 9 2013 // The Kentucky Associated General Contractors Self Insurers’ Fund said it will return $16.5 million in dividends to its members in March. This disbursement is the largest in workers’ compensation fund’s...
Employers Hopeful for California Workers’ Comp Reform
Dec 3 2012 // Editor’s Note: This is the third in a series of articles to look at California’s workers’ compensation reform law in detail and what must be done to implement that law by Jan. 1, 2013. Looking forward...
Willis Launches WillisCaptus, New RRG Data Management System
Nov 30 2012 // Willis Global Captive Practice, part of the global insurance broker Willis Group Holdings has launched an online underwriting and data management system, WillisCaptus. The new system is designed for Risk Retention Groups...
