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May 12, 2005 at 08:00 PM
At least 2 insurers and 2 reinsurers are interested in the idea of insuring employees against the risk that the employees might take family leave.[@@]
Rothschild-Landry Holding Inc., St. Francisville, La., a company that specializes in inventing and patenting insurance concepts is declining to name the insurers and reinsurers, but it says the direct writers that are studying the company’s Family Leave Insurance proposal are “2 of the nation’s largest insurance providers.”
The direct writers are looking both at the possibility of offering the product as a rider along with existing worksite disability products and at the possibility of selling the product directly to consumers, says Rothschild-Landry President Jesse Rothschild.
The federal Family and Medical Leave Act requires most employers with 50 or employees to offer 12 weeks of unpaid leave to many employees who have babies, adopt children, suffer serious illnesses or need time to tend to close relatives’ serious illnesses. California and some other states have adopted or are considering bills that would require employers to offer some employees paid family leave.
