Latest Self Insured Headlines
All the headlines from our Self Insured Topic Page, ordered by recency.
California Self-Insured Group Applauds Workers’ Comp Classification Changes
Apr 12 2024 // The California Restaurant Mutual Benefit Corp. is applauding upcoming changes in workers’ compensation classifications for California’s restaurant and hospitality sectors, The changes were announced by the...
The Rise of Self-Insurance: Navigating Risk in a Changing Insurance Landscape
Dec 22 2023 // In an era of heightened climate risks and evolving insurance dynamics, the traditional insurance model faces a conundrum. Insurers find themselves grappling with the aftermath of more frequent and severe storms, and...
California Workers’ Comp Public Self-Insured Claim Volume, Total Paid and Incurred Losses Fall
Dec 14 2023 // Initial data on fiscal year 2022/23 public self-insured claims experience in the California workers’ compensation system show that public self-insured’s total claim volume, spurred by a sharp drop in indemnity...
Carshare Restart: Hochul Signs Bill Allowing Out-of-State RRGs to Cover Nonprofits
Sep 21 2023 // New York Gov. Kathy Hochul has signed legislation that should make it easier for nonprofit groups to find auto insurance coverage through risk retention groups. Assembly Bill 5718 and its companion Senate bill allows...
Coal Producers Forced to Self-Insure as They Are Cut Adrift by Insurers
Aug 31 2023 // Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil...
Data on California Private Self-Insureds’ 2022 Workers’ Comp Claim Experience
Jun 20 2023 // California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been...
New Risk Retention Group Requirements in Question as Fla. Session Winds Down
May 2 2023 // Risk retention groups may not be the sexiest of insurance topics, but they have gained new attention this week after the Florida House of Representatives approved a bill that would require strong financial ratings for the...
Kentucky Governor Signs Bill: Guaranty Fund Won’t Pay Claims from Self-Insurers
Mar 23 2023 // Kentucky’s governor this week signed into law a bill that seeks to make one thing perfectly clear: The Kentucky Insurance Guaranty Association will not pay claims from defunct self-insurers that are not members of...
Report: California Workers’ Comp Public Self-Insured Claim Volume Rose in FY 2021/22
Dec 9 2022 // California’s public self-insured workforce rose less than 1% in the 12 months ending June 30, but the total number of public self-insured work injuries and illness claims reported to the state jumped 35%, as the...
California Private Self-Insured Claim Frequency Hit 14-Year High in 2021
Jul 26 2022 // Workers’ compensation claim frequency among California’s private self-insured employers last year hit the highest level since 2007 as both medical-only and indemnity claim volume rose, according to a California...
Insurers, Self-Insureds Facing $9 Billion in Black Lung Liabilities
Jun 20 2022 // The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned –...
Insurers, Self-Insureds Now Facing $9B in Black Lung Liabilities, Milliman Says
Jun 9 2022 // The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned – to...
WCRA to Distribute $600 Million to Minnesota Workers’ Comp Insurers, Self-Insurers, Policyholders
Mar 10 2022 // The Workers’ Compensation Reinsurance Association (WCRA) will distribute $600 million to Minnesota’s insurers, self-insurers and policyholders, the association announced this month. The WCRA Board of Directors,...
Report: California Public Self-Insured Workers’ Comp Indemnity Claim Cost up
Dec 14 2021 // An analysis shows that in the midst of the pandemic, the total number of job injury claims reported by California public self-insured employers edged down slightly last year, but a growing number of lost-time claims and...
Kentucky Contractors’ Self-Insurers’ Fund Returns $27M Dividend
Nov 19 2021 // The Kentucky Associated General Contractors’ Self-Insurers’ Fund will make a $27 million dividend payment to members next spring, the fund announced. The dividend marks the 28th straight year that the fund has...
Notting Hill RRG Launches Long-Term Care Facilities Program
Aug 27 2021 // Notting Hill Risk Retention Group, LLC has launched a new Healthcare Facilities Program designed to meet the needs of skilled nursing, residential care, assisted living and independent living facilities as well as home...
Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’
Jul 22 2021 // When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner, when acting as receiver of an insolvent insurer, acts in a different capacity to his...
California Workers’ Comp Report: Private Self-Insured Indemnity Claim Frequency, Paid & Incurred Losses Spiked in 2020
Jul 21 2021 // Workers’ comp claim frequency among California’s private self-insured employers rose in 2020, fueled by a big increase in the incidence of indemnity claims, offsetting a decline in medical-only claim frequency,...
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...
