
The California State Compensation Insurance Fund is expected to close a new catastrophe bond next week that would cover earthquake-related workers compensation claimsa move that an analyst says could be followed by other workers comp insurers. A recent report from Standard & Poors 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.
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