According to an article in National Underwriter a bill that will retool the South Carolina workers compensation system will be dropping the Second Injury Fund. This fund has apparently been a drain on the system and has produced “unnecessary cost” according to Robert Herlong, vice president and regional manager for the Property Casualty Insurers Association of America.
The purpose of this Second Injury Fund is to “reimburse employers or their insurers for workers' compensation payments to workers with pre-existing disabilities or conditions who experience a subsequent injury.”
I thought that was part of the workers comp coverage? If you have a pre-existing disability or condition and that condition causes you to get injure don the job shouldn’t workers comp pay? Why would employers or insurers need to be reimbursed?
This fund exemplifies precisely the kind of doublespeak that enhance the public mistrust of the government and the insurance industry. The very fact that the fund was in existence is shady, at best, but at least someone was willing to take the lead in doing away with it. Kudos to whoever it was in South Carolina who stepped up to the plate!
Jerry
www.leads4insurance.com
Posted by: Jerry | October 19, 2007 10:01 AM | Permalink to Comment