Our investment record is strong," said WCRA Board Chair David Young.
The largest portion of the assessments will be charged to some approximately 400 WCRA member insurers and self-insured Minnesota employers, and will be calculated based on their historic exposures with the WCRA.
In the complaint filed in United States District Court for the District of Minnesota, WCRA and MWCIA allege that AIG underreported its workers' compensation premiums to MWCIA and WCRA for the last 22 years in order to avoid paying reinsurance premiums to WCRA and assessments to MWCIA that were computed based upon AIG's reported premiums.
We first became aware of AIG's fraudulent reporting of workers' compensation premium data to the WCRA and MWCIA in the spring of 2005," according to WCRA President & CEO Carl W.
Carl Cummins, WCRA
president, said that the association is able to limit its rate increases because they are based solely on the workers' compensation claims experience of Minnesota employers.
The lenders who support the WCRA
demonstrate the truest spirit of the Community Reinvestment Act through their cooperation in bringing the expanded resources of a consortium to the communities they serve," said WCRA
President Judy Reed.
The Minnesota legislature knew it was on very shaky ground when it enacted this special-interest legislation to require WCRA
to renege on its contractual obligations to the insurers," said Safley.
Judge Rosenbaum also struck down as unconstitutional that portion of Chapter 361 which required WCRA
to reimburse the state for all attorneys fees and costs resulting from litigation challenging the constitutionality of the statute, regardless of whether the statute was held constitutional.
members were required by law to pay reinsurance premiums to the association.
Carl Cummins, acting WCRA
president, said that the association is able to reduce its rates because they are based solely on the workers' compensation claims experience of Minnesota employers.
A focal point in Washington State for advocacy and innovation in affordable housing, WCRA
is also marking the tenure of founding President Judy Reed, who has spent her 15 years with the group helping develop the financial underpinnings of community revitalization throughout the state.
periodically reviews its surplus position and refunds excess surplus to its members.