Calif. SCIF cat bond to cover earthquake-related workers comp claims (Business Insurance)

Calif. SCIF cat bond to cover earthquake-related workers comp claims

  Wednesday, November 30th, 2011 Source: Business Insurance

The California State Compensation Insurance Fund is expected to close a new catastrophe bond next week that would cover earthquake-related workers compensation claims—a move that an analyst says could be followed by other workers comp insurers. A recent report from Standard & Poor’s Corp. said that an undefined amount of three-year, Class A senior notes are to be issued on behalf of SCIF by Golden State Re Ltd., a newly incorporated special-purpose insurer based in Bermuda.

  Read Full Article
Roberts General ContractingMid-America Catastrophe ServicesNationwide OversprayHancock Claims Consultants LLC

  Recent Provider Listings

Serving Douglas & Surrounding Counties
Nebraska Gutters & Downspouts Roofing Contractors
Serving Oklahoma Statewide
Oklahoma Contractors General Roofing Contractors
Serving CA, FL, IL, IN, MI, NY, NJ, OH PA & TX
California Florida Illinois Environmental Consultants Fire Investigations