NAII Says Lack of Reinsurance a Problem

Both small and large workers' compensation insurers are experiencing unsettling challenges to their business thanks to the lack of reinsurance coverage in the wake of the September 11th terrorist attacks. The National Association of Independent Insurers (NAII) cautions that the lack of reinsurance and the fact that workers' compensation policies are not permitted by state law to have terrorist exclusions could cause many companies to re-evaluate their strategies for workers' compensation causing some to drop the business altogether. 'Without federal backstop legislation all insurers are ...