Members present: Ms. Hudson, Ms. Joswiak, Mr. Kante and Mr. Wittry
Absent: Ms. Neuman
Staff present: Ms. Huntley-Cooper, Mr. Moreth and Mr. Tomsyck
Call to order. The meeting was called to order by the Chair, Mr. Wittry at 9:05 A.M. in conformance with Wisconsin’s open meeting law.
Open Session
Review and approval of the minutes of the previous meeting. Minutes of the June 15, 2004 meeting were reviewed, and approved as written.
Closed session Kmart Corporation presentation. In accordance with s. 19.85(1)(f) the council convened in closed session to review financial, loss experience, safety and other information of Kmart Corporation. Some of the company’s specific financial or other business information may be confidential and not subject to public disclosure.
Closed session Nuclear Management Company presentation. In accordance with s. 19.85(1)(f) the council convened in closed session to review financial, loss experience, safety and other information of Nuclear Management Company. Some of the company’s specific financial or other business information may be confidential and not subject to public disclosure.
Closed session review reports of self-insured employers. In accordance with s. 19.85(1)(f) the council convened in closed session to review financial, loss experience, safety and other information of employers presently or previously exempt from the duty to insure. Some of the companies’ specific financial or other business information may be confidential and not subject to public disclosure.
Open session
The Council returned to open session, and made the following recommendations:
Applications:
The self-insurance application of Kmart Corporation is denied.
The self-insurance application of Nuclear Management Company is approved, subject to a $500,000 bond, $500,000 excess retention with statutory limit, and provision of guarantys of the owners of Wisconsin plant (Ms. Joswiak abstained).
Changes to specific excess insurance and/or security requirements.
Other business
Next meeting. Mr. Moreth will poll the members for acceptable dates in late 2004 or early 2005, as applications or conditions warrant.
The meeting was adjourned at 1:25 PM