Net Worth Shift Got Little Notice in Insolvency Debate

By Michael Whiteley, Eastern Bureau Chiefmike@workcompcentral.comA key change in Georgia's insurer insolvency law sailed through the General Assembly with little debate in 2005, but has returned to haunt school boards, cities and counties caught in last month's collapse of Southeastern U.S. Insurance Co., stakeholders said this week.House Bill 407, described as an omnibus bill that updated and cleaned up an array of sections in Georgia insurance law, also made a fundamental change in how the Georgia Insurers Insolvency Pool determines whether to pay the claims of injured workers when t...