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Unfunded Liabilities from Murray Case Won't Impact Policyholders

Friday, December 19, 2008 | 0

The National Council on Compensation Insurance (NCCI) and the actuary for Florida Insurance Consumer Advocate Sean Shaw agreed Thursday that the state's insurance industry – and not employers – will shoulder what NCCI predicts could be $400 million in unfunded liabilities left by the state Supreme Court's ruling in Emma Murray v. Mariner Health/AceUSA.State regulators and Stephen Alexander, Shaw's actuary, on Thursday were reviewing an estimate released by NCCI that unfunded liabilities for carriers and self-insureds could reach $400 million based on the high court'...

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