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The U.S. Department of Labor<\/strong> published a notice providing enhanced and transparent guidance for calculating the amount of securitization required by insurers writing policies under the\u00a0Longshore and Harbor Workers’ Compensation Act<\/strong>. marine link<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. Department of Labor published a notice providing enhanced and transparent guidance for calculating the amount of securitization required by insurers writing policies under the\u00a0Longshore and Harbor Workers’ Compensation Act.\u00a0This new guidance is designed to represent a transparent and structured approach that will lower the cost of doing business for industries vital to America\u2019s …<\/p>\n","protected":false},"author":1,"featured_media":75603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[3249,9071,8553,3183,3610,322],"class_list":["post-75602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-coming","tag-department","tag-labor","tag-regulatory","tag-relief","tag-shipbuilding"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/75602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=75602"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/75602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/75603"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=75602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=75602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=75602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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This new guidance is designed to represent a transparent and structured approach that will lower the cost of doing business for industries vital to America\u2019s economic and military dominance while continuing to put injured workers first. It will also improve industry confidence regarding potential liabilities and how to improve their outcomes. Among the factors that are considered are the company\u2019s financial health, experience writing LHWCA policies, and how quickly they pay accepted claims for injured workers.
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\u201cAs we restore America\u2019s maritime and energy dominance, the Department of Labor continues to put American workers\u2019 safety and health first,\u201d said Secretary of Labor Lori Chavez-DeRemer<\/strong>. \u201cThese guidelines will protect workers while creating a fairer environment for businesses that do vital work for our country.\u201d
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Publishing this guidance advances the department\u2019s goal of protecting injured workers while reducing the burden on job-creating industries and promoting economic growth.
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Administered by the department\u2019s Office of Workers\u2019 Compensation Programs<\/strong>, the LHWCA and its extensions require private-sector firms to provide workers\u2019 compensation coverage for their employees engaged in covered positions. Insurance companies that are approved by OWCP to write policies under the acts must provide appropriate security to the department for their liabilities. While the LHWCA has always allowed companies to reduce their security burden if they meet certain risk- and performance-based criteria, action has never been taken to provide this relief.
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In alignment with President Trump\u2019s Executive Order, \u201cRestoring America\u2019s Maritime Dominance,\u201d this action will reduce the economic and regulatory burden on shipbuilders by lowering the cost of insurance and helping American-built ships to better compete with foreign competitors.
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Read the Guidance for Insurance Carrier Security Deposit Requirements<\/a>, which is scheduled for publication in the Feb. 9, 2026, edition of the Federal Register.<\/p>\n