Guam Port Soliciting Bids for Comp Insurance again

The Port Authority of Guam is reissuing a request for bids for its first-ever workers' compensation insurance policy after receiving only one bid in its initial request in March, according to a report in Guampdn.com.The Port Authority has been self-insured, but legislation requires it to purchase private insurance, General Manager Joanne Brown told the newspaper. The single bid opened in March would have required the port to pay more than $400,000 for a policy, more than three times the port's expenditures for self-insurance.The Port Authority canceled the bid in May and revised specif...