Quote of the day
"It's amazing that [fraud trends] pop up and you don't even know they exist. It's like playing the Whack 'Em All game at the arcade -- you wack them all and then another pops up."
Bill Zachry, vice president of corporate workers' compensation for Safeway, Inc. on the difficulty of controlling insurance fraud.
Methodology Disagreements: Bureau Audit to Start
California’s Workers’ Compensation Insurance Rating Bureau is feeling the heat for more than a decade of allegedly inaccurate rate forecasting. Insurance Commissioner Steve Poizner has called for a comprehensive audit. To learn the details, premium subscribers need only to either read the current issue of Workers’ Comp Executive or to click here for instant access.
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Class Action Against SCIF and Former Officer and Directors
Now that a class action suit has been filed against SCIF, some of its former top executives and three board members who ran or still run State Fund safety groups, new questions arise. Find out what kinds of conflicts arise. Premium subscribers can read it in the current print edition or by clicking here.
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Friends In High Places
The California Worker’s Compensation Institute and the California Chamber of Commerce have weighed in on the Palm Medical vs. SCIF case. Are their arguments strong enough to sway the court? Premium subscribers to Workers’ Comp Executive can find out in the current print edition or by clicking here.
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Publius: Health Care Reform’s Dirty Secret
In classic style, Publius exposes (in read-between-the-lines commentary) the dirty little secret in the governor’s health insurance reform package. Workers’ Comp Executive makes Publius’ commentary available to everyone. Just click here.
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What’s Happening at Compline?
Compline has upgraded its security, and a few members experienced problems last week. More upgrades are coming throughout the summer from the venerable X-Mod publishers, whose members write an estimated 65 percent of California’s workers’ comp. Read about it right here, right now.
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What’s California Got Left To Give?
In the second in a series of interviews with analysts, Bob Farnam, Vice President of Equity Research at Keefe, Bruyette & Woods, gives our premium readers his take on how the California market is faring, what carriers are doing to get the numbers they’re getting, and how long the soft market might last. Read the insightful Q&A session in the current print editon of Workers’ Comp Executive or, if you’re a premium subscriber, click here.
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Shake, Rattle and Roll.
Three years after reforms reshaped California’s workers’ comp market, the state’s Workers’ Compensation Insurance Rating Bureau has reassessed the amount of losses California insurers would experience in case of a major earthquake. Are carriers out of the woods? Have EQ costs risen or decreased? Premium subscribers to Workers’ Comp Executive can find out in the current print edition or by clicking here.
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Fraud Task Force Gets Down to Business
Law enforcement, a dozen district attorneys, a handful of special-investigations units, and one serious insurance commissioner are setting their sights on fraud. This might be better than an episode of CSI. Read all about it in the current print edition of the Worker’s Comp Executive.
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Opposites Attract
New Jersey’s worker’s compensation market offers good managed care and set rates, but was it worth it for Majestic Insurance Co. to step onto Jersey’s playing field? Read all about it in the current print editon of Workers’ Comp Executive or, if you’re a premium subscriber, click here.
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