Written premium totals in California’s workers’ comp market are up nearly 5% through the first half of the year at $8.6 billion on a gross of deductible basis. That compares to $8.2 billion carriers reported during the first half of 2025. California ended 2025 with $15.7 billion in written workers’ comp premium. The Workers’ Compensation …
The Department of Industrial Relations is refusing to provide a list of self-insured employers participating in the state’s alternative security program (ASP). DIR repeatedly made the list of participants public in the past. The Department claims it is not permitted by law to provide the information, but the statutes the Department is citing have not …
The convicted founder of an illegal workers’ comp scheme has now agreed to plead guilty to tax and disability fraud charges to receive a lesser sentence on these charges. Marcus …
State Compensation Insurance Fund officials reported at the mid-year mark that the carrier’s net premiums earned were running slightly ahead of 2023 results. However, with another quarter in the books, officials now say it is trailing its prior year performance. Executives say the change is due to a drop in new and renewal business coming …
The Workers’ Compensation Insurance Rating Bureau says that through the first six months of the year, written premium is down 2% to roughly $8.3 billion compared to $8.5 billion at the same point in 2023. Charged rates, however, are up a similar amount. The Bureau is a private organization with quasi-governmental responsibility. It is financially …
California’s workers’ comp insurance industry remained highly profitable in 2019, returning a pre-tax underwriting profit of 18% for the second straight year. The profitability percentage is also pre-investment income putting the profits into the 20% of premium range. However, expectations for 2020 are unclear as officials predict a 20% decline in written premium for the …
The Department of Industrial Relations’ Office of Self-Insurance Plans finally wrapped up rulemaking on one of the last pieces of the Baker SB 863 workers’ comp reforms. The Office of Administrative Law approved the agency’s revised submission for new reporting rules and forms for public agencies that self-insure for workers’ compensation. The regulations took effect …
Insurance carriers writing large deductible workers’ comp policies in California – policies where employers retain at least $100,000 of the liabilities but often times it is in the millions – spend dollars significantly faster on indemnity claims compared to non-deductible policies. This significantly affects employers with deductibles. The question is why and does it relate …