Hall: Insurance rates protect company solvency

SITKA, ALASKA Alaska’s top insurance regulator says that, among other things, her job is to make sure insurance companies remain solvent through good times and bad.
Linda Hall, the director of the state division of insurance, addressed the Sitka Chamber of Commerce on Wednesday (10-29-08).
Hall has run the division of insurance for five-and-a-half years. She says she’s the first person with a significant background in the insurance industry to do so.
Hall told the Chamber audience that workers’ compensation claims and health care costs ran far above the national average in Alaska. While paying premiums to cover those claims was not something businesses looked forward to, Hall warned that insurance company insolvency was a greater threat.
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