Mervyns Has $720,000 Posted Against $20M+ in Known Liabilities

OSIP Fails to Obtain Statutory Security for Failed Self-Insured

By: Brad Cain

The Office of Self Insurance allowed a former self-insured employer to have $20M+ in liabilities and yet have posted only $720,000. Now the employer is not coming out of bankruptcy and guess who’s getting stuck with the bill? Premium subscribers can find out who the employer is and how it happened by <a href="https://www.wcexec.com/articles/wce00-20081103-003.html">clicking here</a>.

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