Subsequently, Saint Patrick is a patriotic symbol along with the colour green and the shamrock. Saint Patrick's Day celebrations include many traditions that are known to be relatively recent historically, but have endured through time because of their association either with religious or national identity.
Workers Compensation Claim Reserves 101. Reserves are the amount of money that is set aside to pay the cost of a workersâ compensation claim. The reserve amount is the number of dollars necessary to pay the financial and legal obligations of the self-insured employer or the insurer.
The Companyâs exposure to claims is protected by various stop-loss insurance policies. The estimate of this reserve is based on historical claims experience. At May 31, 2009 and August 31, 2008, the Company accrued $6 million for the estimated cost of workersâ compensation claims.