CDI Focuses On Frequency in Workers’ Comp Rate Filing

The California Department of Insurance continues to review the insurance industry’s request for a 2.7% workers’ comp rate hike. Documents obtained by Workers’ Comp Executive indicate that an important area of focus is the Workers’ Compensation Insurance Rating Bureau’s indemnity claim frequency projection. The difference between the Bureau’s projection and one developed by an independent … Read More »

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Commissioner Lara Approves Anti-Fraud Funds

Insurance Commissioner Ricardo Lara approved the recommended grant amounts for 36 county district attorneys to use to fight workers’ comp fraud in 40 different counties. The $45,889,371 in funds for the 2021/22 fiscal year is the same that California employers provided in the last round of grants, although the allocations differ in some cases to … Read More »

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Court Allows Some Litigation Tied To CastlePoint Liquidation

A group of New York plaintiffs who held $175 million in trust preferred securities (TruPS) linked to the failed Tower Insurance companies can proceed with some, but not all, of their claims against the Karfunkel family, ACP Re, AmTrust, and others associated with the CastlePoint insolvency, according to the First District Court of Appeal. The … Read More »

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District Attorneys Jockey For Anti-Fraud Funds

District attorneys from around the state made last-ditch presentations to bolster their requests for a share of the nearly $46 million that is up for grabs this year to fight workers’ comp fraud in the state. The money is part of the $78 million that California employers are required to pay to support the DAs … Read More »

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Unfiled Side Agreements Found Illegal And Void

The California Department of Insurance ruled an Indiana insurance carrier cannot enforce the terms of the collateral and indemnity agreements that were part of a large deductible workers’ comp program. The carrier did not file the side agreements for approval before they were used. The ruling stems from a dispute between Protective Insurance, formerly Baldwin … Read More »

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