On June 8 around 100 representatives of at least 50 AGC member firms participated in a webinar discussing the impact of proposed Initiative 1082, which seeks to allow private insurance carriers to offer workers’ compensation insurance to Washington’s employers. The presenters from the Property Casualty Insurers Association of America (PCIAA) and the National Council on Compensation Insurance, Inc. (NCCI), discussed the Initiative and how it may impact the industrial insurance market in our state.

Key elements of the presentation were experiences in two states (Nevada and West Virginia) which have both converted from government monopolies to competitive environments in the last several years. A vigorous Q&A and discussion session, lasting about an hour, followed the presentation.

Both the slideshow documents and the audio from the webinar are posted here for your use. Please feel free to contact AGC Government Affairs Director, Rick Slunaker rslunaker@agcwa.com in the Legislative Office if you have any questions.

Significant milestones in the webinar, with slideshow page and elapsed time notations are:

1. Purpose of Initiative 1082 p. 4 @ 8:30

2. Benefits of Privatization p. 10 @ 13:45

3. NCCI Description p. 15 @ 19:25

4. Competitive Ratemaking p. 19 @ 24:00

5. West Virginia Experience p. 23 @ 26:10

6. Nevada Experience p. 29 @ 31:10

7. Q&A and Discussion @ 34:00

The webinar lasts one hour and forty minutes.