Quote of the day
"There is something to be said for being responsible for our own market place. We're the eighth largest economy in the world and we should have a say about what goes on."
Christ Citko, Senior Counsel for the California Department of Insurance in response to Optional Federal Charter legislation currently being discussed in Washington
Some Might Lie, but Numbers Don’t
Data Problems with American International Group’s reporting to the California Bureau are only the tip of what could turn out to be a much bigger iceberg. Unable to accurately file unit stat reports, allegations of underreporting of premium for premium tax purposes and other assessments lead to more questions than conclusions—or do they? Premium subscribers will get enough information in this premium article to conclude whether there is a cover-up and, if so, who might be involved. Premium subscribers can click here or read it in the current print edition of Workers’ Comp Executive.
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Captive Insurance Groups: Worth the Investment?
Three years after reforms to California’s workers’ compensation system, premium rates are still low, but that doesn’t mean the benefits of captive insurance companies have dropped, too. See why Roebbelen Construction Company in El Dorado Hills decided to take the plunge, and whether the benefits outweigh the price. Premium subscribers can find out by clicking here.
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Federal Insurance Regulatory Powers
California Congressman Ed Royce says “Aye.” Insurance Commissioner Steve Poizner says “Nay.” The list of interested parties grows in the controversial conversation over whether to institute a federal insurance regulator. The debate is picking up steam, but what do stakeholders say? Premium subscribers can click here to get the full story or read it in the current print edition of Workers’ Comp Executive.
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Compline Moves Through Conversion
California’s principal provider of online X-Mods has completed its first phase of conversion, and there’s more on the way. Transition doesn’t come without obstacles, but learn more here about the benefits. Click here to get the full story or read it in the current print edition of Workers’ Comp Executive.
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Ever-Expanding Employers’ Burden
Applicant attorneys will have a field day and there will be further erosion of the exclusive-remedy doctrine. Employers are too quiet in the opposition camp. Read about the surprise the legislature has up its sleeve for California employers. Find out how the bill could cause even more flight from California by employers. Premium subscribers can click here or read it in the current print edition of Workers’ Comp Executive.
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Doctors’ Groups File Amicus Briefs in Palm Medical Case
Palm Medical finally has found a friend. The plaintiff in a three-year-old suit against State Fund received backing in a recently filed amicus brief from a doctors’ group, but will it be enough to sway the court? Premium subscribers can click here or read it in the current print edition of Workers’ Comp Executive.
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Publius LXI: Check, Please
Publius reveals specific steps public officials can take immediately to help prevent the 10 to 23 percent of California payroll involved in premium fraud. Find out the numbers, who the bad guys are.
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Antitrust Exemption Under Fire
The McCarran-Ferguson Act of 1945 is under fire in Congress and the stakes are high for the insurance industry. Read why workers’ comp carriers are especially vulnerable, in the Aug. 15 issue of Workers’ Comp Executive. Premium subscribers can find out by clicking here.
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