self-insurance News

Seeman Holtz Property & Casualty Acquires Self Insurance in Missouri

Seeman Holtz Property & Casualty Inc., headquartered in Boca Raton, Florida, has acquired a Sikeston, Missouri-based agency, Tri-Star of Sikeston Inc., doing business as Self Insurance. Now led by Brian Self, the agency has served the insurance needs of Missouri …

Connecticut Lawmakers Create ‘Insurance Company’ to Help Homeowners

Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance company. The newly minted state budget includes language establishing …

Proposed Ohio Legislation Adds Opportunities for Self-Insurance

Ohio is one of the few states that does not allow private insurers to participate in the workers’ compensation system, although it permits larger employers to “self-insure” to administer and pay their own claims directly. Legislation introduced two weeks ago …

Industry Concerned About Wisconsin’s Plan to Self-Insure

Wisconsin insurance industry leaders are worried a potential state move toward self-insurance is already on its way to a done deal. At a Wisconsin Health News panel, panelists and audience members critiqued the possible change, which would reshape health insurance …

Illinois Lawmaker: ‘Uninsured’ State-Owned Vehicles Should Come Off Road

A state lawmaker says Illinois should pull state-owned vehicles off the road during its budget stalemate unless money is appropriated to self-insure them. Republican state Rep. Bill Mitchell of Forysth says one of his constituents was involved in a collision …

Settlements Against Uninsured New Mexico Rail Service Reach Nearly $8M

New Mexico’s commuter rail service has received a free ride while taxpayers have shelled out nearly $8 million to settle damage claims against the Rail Runner Express, according to state records. The Rail Runner, until last month, didn’t pay premiums …

12 Companies Approved to Self-Insure for Workers’ Comp in Texas

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 Self-Insurance Program. These companies collectively employ approximately 36,678 employees in …

11 Companies to Approved to Self-Insure for Workers’ Comp in Texas

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 insurance unmodified manual premium of $500,000 and meet other requirements subject to annual …

Oregon Workers’ Comp Group Avoids Decertification

Oregon insurance regulators say they’ve stopped moving to decertify a workers’ compensation self-insurance trust after the group increased its security deposit. The Department of Consumer and Business Services said Monday that the Oregon Employers Trust Inc. submitted a letter of …

Commentary: R.I. Court’s Ruling on Self-Insured Retentions in Med-Mal Policies

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 enough to include all medical malpractice policies in Rhode …