Worker's Compensation Self-Insurers Council Minutes

Meeting Minutes
Madison, Wisconsin
November 13, 2002

Members present:   Ms. Hudson, Ms. Joswiak, Mr. Kante, Ms. Neuman and Mr. Wittry

Absent: 

Staff present: Mr. Krueger, Mr. Moreth and Mr. Tomsyck

Call to order. The meeting was called to order by the Chair, Mr. Wittry at 9:00 A.M. in conformance with Wisconsin’s open meeting law.

Review and approval of the minutes of the previous meeting. Minutes of the June 7, 2002 meeting were reviewed, and approved as written.

Closed session Ladish Co., Inc. and Mayo Foundation Presentations. In accordance with s. 19.85(1)(f) the council convened in closed session to review financial, loss experience, safety and other information of Ladish Co., Inc. and Mayo Foundation et al. Some of the companies’ 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

Recommendation on applicants

The application of Ladish Co., Inc. is denied, based on the high risk associated with the line of work, in conjunction with safety and loss control programs that are not of the caliber expected. The applications of the Mayo Foundation subsidiaries are approved, with excess retention of $350,000 or less and a bond requirement of $1,000,000.

Changes to Specific Excess Insurance and Surety Requirements.

The following self-insurer were approved:

Next meeting. It was the consensus of the Council members that the next meeting be held after the first week of February 2003. Mr. Moreth will poll the members for acceptable dates.

The meeting was adjourned at 1:20 PM


 Updated February 06, 2012
 
Division of Worker's Compensation
 Content Contact: Bureau of Insurance