Wednesday, June 9, 2010

New Georgia Law

Georgia has enacted a law that allows employers who were left stranded by the collapse of Southeastern US Insurance Company to buy coverage from the state's insolvency pool. The collapse of SEUS had left a lot of Georgia employers with Workers Comp claims that were unexpectedly uninsured, as SEUS had not been required to participate in that insolvency pool.

Some private insurers are upset with this development, though. They don't like the idea of giving a break to employers who had chosen to insured with SEUS (which was a captive insurer)instead of with regular insurers (who were contributing to the insolvency fund.)

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