RENO, Nev. – October 19, 2011 – The Florida Workers' Compensation Insurance Guaranty Association (FWCIGA) has named Mark Hogle, Senior Vice President, Regional Manager for EMPLOYERS’ Eastern Region, to its board of directors. EMPLOYERS (NYSE: EIG), America's small business insurance specialist®, is a national workers’ compensation provider exclusively focused on serving the needs of small businesses.
As part of FWCIGA’s 11-member board of directors, Hogle will serve a two-year term as a carrier representative. Board member responsibilities include oversight of the evaluation of workers' compensation claims transferred to the Association as the result of an insurer’s insolvency, as well as making recommendations to the Florida Office of Insurance Regulation of the need for an assessment if necessary to pay claims of an insolvent insurer.
FWCIGA was created and is governed by Part V of Chapter 631, Florida Statutes, as well as a Plan of Operation established by its Board of Directors. FWCIGA provides for the payment of covered claims for insurance companies or group self-insurance funds authorized under Section 624.4621, Florida Statutes, that are declared insolvent and unable to continue making payments to injured workers.
About Employers Holdings, Inc.
Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates throughout the United States. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: www.employers.com.
About Florida Workers' Compensation Insurance Guaranty Association, Inc.
The purpose of the Florida Workers' Compensation Insurance Guaranty Association, Inc. (FWCIGA) is to implement Florida Statute Sections 631.902 - 631.927 and to provide a mechanism for the payment of covered claims, to avoid excessive delay in payment and to avoid financial loss to claimants in the event of the insolvency of a member insurer. FWCIGA was created through a merger of the Florida Self-Insurance Fund Guaranty Association, Inc. (FSIFGA) and the workers' compensation account of the Florida Insurance Guaranty Association, Inc. (FIGA), as required and provided for by legislation enacted by the legislature of the State of Florida (Florida Statute Section 631.911).
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