|Post by Suzy Cole|
The Second Injury Fund (SIF) is no longer accepting claims, but what happens to the ongoing claims when the SIF closes on June 30, 2013? That’s the $64,000 question.
A group of insurance industry representatives and self-insurers are working with the South Carolina Budget and Control Board to find an answer. The group met February 15, 2013 and hopes to reach a consensus by March 5, 2013 that it will then present to the Budget and Control Board. When we learn the answer, you can count on Collins & Lacy to let you know what it is and how it will impact your claims.
For more information, check out this link to the Winter 2013 newsletter from S.C. Self-Insurers Association.
Also, we’d like to extend a big thank-you to Self-Insurers’ President Tosca Walls for her shout-out in the recent newsletter to our Stan Lacy regarding his take on the proposed mental-mental legislation, which lowers the bar to prove a psychological claim. Stan is concerned the legislation may open the floodgates for psychological claims, and the self-insurers agree. Be sure to check out the accompanying article about psychological claims. As always, the Self-Insurers Association is a great resource and gives a voice to South Carolina employers for workers’ compensation issues.