Cigna covers WC self.-ins. shock loss. (Cigna Special Benefits Cos. offers self-insured workers' compensation programs)

National Underwriter Property & Casualty-Risk & Benefits Management, April, 1991 by Dauer, Christopher

Cigna Covers WC Self.-Ins. Shock Loss To provide employers with "sleep tight security," Cigna Special Benefits Cos. has developed a new package to protect self-insured workers' compensation programs from shock loss. Employers who self-insure workers' compensation benefits can reasonably predict high frequency/low cost disability and medical claims.

Occupational fatalities and catastrophic medical injuries, however, are low frequency/high cost claims, and are more difficult to plan for. The Cigna program covers two new elements - accidental medical claims and specified cardiovascular events, said Bob Clemens, director of accident insurance marketing for Cigna Special Benefits Cos., Philadelphia. According to the Workers' Compensation Insurance Rating...

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