Large-Deductible Recommendations Clear a Hurdle

A study by the National Association of Insurance Commissioners on large-deductible workers’ compensation insurance policies has moved a step closer to final approval, and plans are in the early stages to begin implementing its recommendations. The report’s recommendations include enacting legislation to establish financial requirements for insurers writing large-deductible policies. Carriers are on the hook for paying the full amount of a claim if the insured employer can’t come up with the deductible. The risk employers could retain relative to their financial capacity...