Quote of the day
"The practical result of the minimum reserve requirement was that insurers had to put aside funds that did little to protect their claims paying capacity or solvency."
Sam Sorich, Association of California Insurance Companies
Department Questions Bureau LAE Calcs
The California Department of Insurance made some unusual moves when rejecting the Workers’ Compensation Insurance Rating Bureau’s recommendation that pure premiums be raised 5.2 percent. It removed SCIF’s higher-than-standard loss adjustment expenses from the formula calculating industry-wide LAE. Find out why, what effect that had and what the Bureau plans to improve, in the current print edition of Workers’ Comp Executive.
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Medicare Set-Asides Get Trickier
Workers’ comp carriers and self-insured employers face new challenges for injured workers heading into the Medicare system. Employers could find themselves in trouble if their representatives don’t get it right. Find out exactly how the process is becoming more complicated and urgent in the current edition of Workers’ Comp Executive. Of course, Premium Subscribers can read it right here, right now.
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Publius Offers SCIF Suggestions for Transparency
There is no one like Publius for getting to the heart of SCIF’s troubles. In this insightful piece, Publius offers ideas about what ought to be. This is clear content, so click here to read and enjoy every word.
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Judge Doug Moore Reviews the Year’s Appellate Cases
California’s appellate courts were busy this year with workers’ comp cases, having decided several major cases. Judge Doug Moore, former WCAB chairman, looks them over and explains what happened in the system this year. Find out in this legal wrap-up how the courts decided the issue and the ramifications for insurers and employers.
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New Law: More Capacity and Facts
A new law addressing the way workers’ comp carriers reserve should have a beneficial effect on the marketplace. Get the skinny in the current print edition of Workers’ Comp Executive. Of course, Premium Subscribers can read it right here, right now.
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