State-Sponsored Workers Compensation Reinsurance Organizations
State-Sponsored Workers Compensation Reinsurance Organizations organizations account for 17 organizations in the United States. In aggregate, these organizations generate $348m in revenue and employ 308.0 individuals.
17
Active Organizations
$347.6 Million
Annual Revenue
308
Employees in Sector
$2.6 Billion
Controlled Assets
1
Towson, MD
Assets: $3b
Revenue: $337m
Employees: 308
MISSION:
CHESAPEAKE EMPLOYERS' INSURANCE COMPANY WAS ESTABLISHED BY STATUTE TO BE THE WORKERS' COMPENSATION INSURER OF LAST RESORT AS WELL AS A COMPETITIVE INSURER IN THE STATE OF MARYLAND.
Pueblo, CO
Assets: $14m
Revenue: $465k
MISSION:
TO PROVIDE PREMIUM SUBSIDY BENEFITS TO RETIRED EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS.
Davenport, IA
Assets: $13m
Revenue: $2m
MISSION:
GENESIS HEALTH SYSTEM WORKERS' COMPENSATION PLAN AND TRUST WAS ORGANIZED TO CREATE AND ESTABLISH A FUND FOR PROPER SAFEKEEPING AND INVESTMENT OF MONEY, PROPERTY, AND OTHER ASSETS CONTRIBUTED BY PARTICIPANTS FOR THE PURPOSE OF PROVIDING WORKERS' COMPENSATION CASH RESERVES FOR THE PARTICIPANTS. THE PARTICIPANTS ARE ENCOMPASSED WITHIN GENESIS HEALTH SYSTEM (GHS IOWA), GENESIS HEALTH SYSTEM (GHS ILLINOIS), AND GENVENTURES, INC.
New Orleans, LA
Assets: $6m
Revenue: $4m
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
New York, NY
Assets: $4m
MISSION:
SEE SCHEDULE O.THE SPECIAL FUNDS CONSERVATION COMMITTEE (THE "COMMITTEE") WAS ORGANIZED IN NEW YORK STATE IN 1938 FOR THE PURPOSE OF CONSERVING THE ASSETS OF THE "SPECIAL FUNDS CREATED UNDER SUBDIVISION OF SECTIONS 15 AND 25-A OF THE WORKERS' COMPENSATION LAW OF THE STATE OF NEW YORK. IT PERFORMED SERVICES IN CONNECTION WITH SPECIAL FUNDS AND COOPERATES WITH THE CHAIRMAN AND MEMBERS OF THE NEW YORK WORKERS' COMPENSATION BOARD, THE SUPERINTENDENT OF INSURANCE, AND ANY OTHER PUBLIC OFFICIAL WHOSE DUTIES ARE CONCERNED WITH THE OPERATION OF THE SPECIAL FUNDS. AS DESCRIBED IN PART III, LINE 3, THE EXPECTED DATE OF DISSOLUTION IS DECEMBER 31, 2025. FURTHER, THE OPERATIONS OF THE COMMITTEE HAVE BEEN AMENDED SUCH THAT THE COMMITTEE WILL ONLY ENGAGE IN ACTIVITIES RELATED TO THE WIND-DOWN OF THE COMMITTEE UNTIL DISSOLUTION.
New York, NY
Assets: $2m
Revenue: $16k
MISSION:
NEW YORK STATE LEGISLATIVELY CREATED & SPONSORED WORKERS' COMPENSATION INSURANCE BENEFITS FUND
Ridgeland, MS
Assets: $1m
Revenue: $58k
MISSION:
TO PROVIDE MECHANISMS FOR THE PAYMENT OF COVERED CLAIMS UNDER SELF-INSURANCE COVERAGE, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS DUE TO THE INSOLVENCY OF A SELF-INSURER.
Albany, NY
Assets: $505k
Revenue: $4m
MISSION:
THE PRIMARY PURPOSE IS TO PROVIDE ITS MEMBERSHIP WITH VARIOUS BENEFITS INCLUDING LIFE INSURANCE, DISABILITY INSURANCE, AND OTHER BENEFITS PURSUANT TO ITS BY-LAWS AND TO PUBLISH THE "PBA TROOPER" MAGAZINE TO PROVIDE PERTINANT INFORMATION TO ITS MEMBERS AND TO PROMOTE AND ENCOURAGE THE PROFESSIONALISM OF STATE-WIDE LAW ENFORCEMENT OFFICERS IN THE STATE OF NEW YORK, ESPECIALLY MEMBERS OF THE NEW YORK STATE POLICE.
Great Falls, VA
Assets: $154k
Revenue: $40k
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Elwyn, PA
MISSION:
THE TRUST PROVIDED WORKERS COMPENSATION INSURANCE TO ELWYN OF PENNSYLVANIA AND DELAWARE EMPLOYEES THAT WERE INJURED PERFORMING THEIR ASSIGNMENTS.
Charleston, WV
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Oklahoma City, OK
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Columbia, SC
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Jackson, MS
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Baton Rouge, LA
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Denver, CO
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
Pleasanton, CA
MISSION:
The goal of this organization is to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.
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