IFB issues Workers Compensation Insurance for Port - KUAM.com-KUAM News: On Air. Online. On Demand.

IFB issues Workers Compensation Insurance for Port

by Ken Quintanilla

Guam - The General Services Agency has officially issued another invitation for bid for Workers Compensation Insurance at the Port Authority of Guam.

As we reported, by law, the Port is required to have Workers Compensation Insurance but for years has been self insuring paying for expenses from its regular budget. For the last three years, the Port had spent between $100,000-$150,000 on workers compensation claims. In order to comply with the law, the Port put out a bid for insurance but only one vendor submitted a proposal that was estimated to cost close to $1 million for three years of coverage- a figure Port board members had called cost prohibitive.

The Port meanwhile wanted to reduce the scope and requested by the board to revisit the matter resulting in its decision to redo the bid and see if more bidders would come forward.

We should add it was last week when the port board requested management to send a follow-up letter to oversight chair Senator Tom Ada to look at amending the law that would also give the Port the option to self-insure in the event the costs are too high again.

The opening date for the IFB is August 13.

  • NEWS HEADLINESMore>>

  • Council discusses renewal of GACS charter

    Council discusses renewal of GACS charter

    They're the first school to undergo renewal of their Charter. The Charter School Council met Thursday afternoon at a work session to discuss accreditation and renewal of Guahan Academy's Charter. Since they are the first to go through this process, the CoMore >>
    They're the first school to undergo renewal of their Charter. The Charter School Council met Thursday afternoon at a work session to discuss accreditation and renewal of Guahan Academy's Charter. Since they are the first to go through this process, the CoMore >>
  • Drug dealer Joaquin Rosario sentenced to 6 years in jail

    Drug dealer Joaquin Rosario sentenced to 6 years in jail

    A convicted drug dealer will spend just under six years in jail. From 2013 to 2014, Joaquin Patrick Ulloa Rosario worked with a San Francisco defendant to smuggle the drug "ICE" into Guam. Authorities picked him up after discovering 500-grams on the unnamMore >>
    A convicted drug dealer will spend just under six years in jail. From 2013 to 2014, Joaquin Patrick Ulloa Rosario worked with a San Francisco defendant to smuggle the drug "ICE" into Guam. Authorities picked him up after discovering 500-grams on the unnamMore >>
  • Meth discovered in car of fidgety driver

    Meth discovered in car of fidgety driver

    He was spotted taking the turn too fast and didn't show any signs of slowing down. This prompted police to pull him over. Inside his car, the officer noticed Gino Uchellas' hands wouldn't stop shaking. Officers also observed bubble wrap coming out of a coMore >>
    He was spotted taking the turn too fast and didn't show any signs of slowing down. This prompted police to pull him over. Inside his car, the officer noticed Gino Uchellas' hands wouldn't stop shaking. Officers also observed bubble wrap coming out of a coMore >>
Powered by Frankly