Uncategorized

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.
© Copyright 1970, Raven Radio Foundation Inc.

Comments

Please read our comment guidelines.

Recent News

City to repair seaplane dock

IMG_3542-500x375
During their regular meeting Tuesday (5-24-16), the Assembly authorized funding to repair Sitka’s public seaplane dock, which was condemned this winter after one the pilings crumbled. more

Assembly explores utility assistance program

10157436313_ea1c09dec4_z
The centerpiece of Tuesday night's (5-24-16) Assembly meeting was the cost of living in Sitka. Specifically, how some Sitkans are struggling to pay their utility bills and whether the city should provide assistance. Two Assembly members propose a subsidization program. more