The safety net that is LIGA was created for the rare instances when an insurer is bankrupted. But the size and frequency of the failures over the last two years have stretched LIGA to its limits.
Tag: safety net
Majority of North American Companies Will Pay Hourly Workers Who Test Positive for COVID-19
Amid rising anxiety levels over COVID-19 (coronavirus), North American employers have some good news for their hourly employees. A new survey by Willis Towers Watson, a leading global advisory, broking and solutions company, finds a majority of employers will continue to pay hourly workers who test positive for the virus (72%), whose workplace experiences a… Continue reading Majority of North American Companies Will Pay Hourly Workers Who Test Positive for COVID-19
Senate Expected to Pass Bill Offering Free Virus Testing, Paid Leave
The Senate is expected to vote on Wednesday on a second coronavirus response bill, aiming to support the workers whose livelihoods are at risk and the safety net that may soon be protecting more Americans as U.S. businesses shut down. The interim measure, which would be followed by a third package potentially costing $1 trillion,… Continue reading Senate Expected to Pass Bill Offering Free Virus Testing, Paid Leave