NAIC Releases Study on Large-Deductible Comp Policies

A group of insurance commissioners teamed up with a group of guaranty fund representatives to complete a study on large-deductible workers' compensation policies that was released earlier this month. When a carrier specializing in large-deductible workers' compensation policies goes insolvent, a guaranty fund becomes responsible for huge payouts while receiving comparatively little from the insolvent estate, the National Association of Insurance Commissioners' 2016 Workers' Compensation Large Deductible Summary states.  Five insolvencies since 2009 have involved large-de...