IAIABC and NAIC Agree on Major Study

Representatives of the International Association of Industrial Accident Boards and Commissions (IAIABC) and the National Association of Insurance Commissioners (NAIC) met in San Diego, California in conjunction with the regular winter meeting of the NAIC last week. The working group agreed to take on a major study of large deductible programs in workers' compensation insurance. The scope of the study will include such topics as: - History and background of deductibles in workers' compensation insurance - Relationship between large deductible, retrospectively rated plans, and self insura...