Regulatory issues surrounding Professional Employer Organizations (PEOs) are heating up with the withdrawal of major carriers from insuring these organizations for workers' compensation, says the International Association of Industrial Accident Boards and Commissions (IAIABC). This withdrawal of private insurers from this market is a manifestation of the generally tighter market conditions seen in all areas of workers' compensation insurance underwriting.
Regulators in many states are dealing with legislation to constrain or modify the way PEOs acquire workers' compensation coverage for th...
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