CIGA: Correctable Management Failure, Corrupt Cabal, Or Two Directors Who Haven’t Been Around Long Enough?

Its job is to pick up the claims mess left by insolvent insurance carriers. Some losses have totaled more than $1 billion, but the California Insurance Guarantee Association might be having a crisis of its own. Some industry experts are screaming corruption at the management level, just like another large insurance entity. Management says it's nothing of the sort, but the Legislature may have to sort it all out. Find out where the conflicts are and what's being done about it, in the current edition of Workers' Comp Executive.