Business Services Industry
Mine premiums to rise; New black lung regs increase benefit costs.
Business Insurance, January, 2001 by FLETCHER, MEG
WASHINGTON--The U.S. Department of Labor's new federal black lung regulations, which greatly expand the ability of miners to obtain benefits for the disease, are being challenged in court by the National Mining Assn. and other plaintiffs, including some workers compensation insurers. If implementation of the new regulations is not halted, mine operators will face huge premium increases to pay for the benefits under a liberalized claim determination system.
Estimates of those premium increases vary widely, from 39.3% projected by the Labor Department, to anywhere from 230% to 540% estimated by the National Council on Compensation Insurance. The new regulations ``will certainly put an additional financial strain on our company,'' and ``self-insured coal...
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