Quote of the day
"[The workers' comp market] is currently competitive. Because of this, California should have adequate capacity to write California workers' comp business even in a recession. No new carriers are necessary to bolster capacity."
Michael Nolan, president of the California Workers' Compensation Institute
Publius: Applicant Attorneys to Propose Laws
California applicant attorneys are readying a proposal to get tough on workers’ comp fraud. If this raises you eyebrows, just wait till you read what they’re thinking. Click here to find out ….
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Employers Holdings to Acquire Florida-based Insurer
The fast expanding Employers Holdings, parent of Employers Insurance Co. in California, has signed a contract to purchase a sizable workers’ comp carrier to expand its writings into more states. Get the details in Workers’ Comp Executive.
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Paula Financial Sells Off Pan American
Paula Financial, parent of former California specialty carrier Paula Insurance, has sold off its brokerage. What’s left and who bought it? Find out in the current print edition of Workers’ Comp Executive.
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DAs Look to Legislature for New Prosecution Tools
Legislation is in the works to fix some nagging problems in workers’ comp fraud prosecution. Find out what district attorneys hope to accomplish and how the system will benefit, now in the print edition of Workers’ Comp Executive. Premium subscribers can read it here.
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How Will a Recession Affect the Marketplace?
All signs are that we’re tumbling toward recession, but how will it affect the California workers’ comp industry? To find out, either read the current edition of Workers’ Comp Executive or if you’re a premium subscriber, click here.
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Findings Show SIU Procedure and Training Lacking
Since mandated regulations on special investigative units were put in force, the Department of Insurance has been auditing carriers to confirm compliance. What are those weaknesses and what might cause them? Find out here, or in the current print edition of Workers’ Comp Executive.
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DWC Audit Penalties, Unpaid Compensation Down in 2006
The Division of Workers’ Compensation has issued results from its 2006 audits of claims-adjusting locations in California. Find out in Workers’ Comp Executive which outfits were the best and worst performers.
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