Administration Posts Criteria for Calculating LHWCA Deposits

The U.S. Department of Labor issued guidance outlining how it will calculate required security deposits for insurers under the Longshore and Harbor Workers’ Compensation Act, describing the move as regulatory relief through greater transparency. The guidance does not amend existing regulations. Instead, it formalizes a structured evaluation framework based on credit-rating tiers and other financial metrics that the agency will use when determining collateral requirements. "This guidance establishes a rubric which allows [the Office of Workers' Compensation Programs] to ad...