Nevada Contractors Insurance expanded its operations to offer workers' compensation to contractors in New Mexico. The company, which is Nevada's 2nd largest insurer for workers compensation insurance, began as a self-insured group in 1995 and grew to become the largest such group in the state.
In 2000, the self-insured group was merged with a newly formed Nevada captive insurance company, Nevada Contractors Insurance Company, Inc., to become a fully insured plan. The move released the self-insured group members from joint & several liability concerns. Under the law, a member of a self-insure...
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