Qualified SIGs Could Gain Deposit Relief

The change in the state’s workers’ comp, security deposit rules for self-insured employers has put several self-insured groups (SIGs) in arrears with the Office of Self Insurance Plans (see related story on page 3), but for the others – the financially capable SIGs – constructive changes may be on the way. Efforts are underway to … Read More »

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Controversy over Proposed SIG Rules Changes

Operators of some self-insured groups (SIGs) are warning that proposed rule changes mandated by SB 863 could drive some groups out of business by setting onerous workers’ comp security deposit requirements. But the hue and cry is not universal. Other SIG operators say they are comfortable with the changes, while some outside the SIG industry, … Read More »

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Self Insured Groups: New Deposit & Assessment Rules

New rules governing the actuarial reports, security deposits and annual assessments for self-insured groups (SIGs) are out. SIG insiders are saying much of the initial concern has been muted. The Department of Industrial Relations’ Office of Self Insured Plans (OSIP) created the proposed final rules after a great deal of groaning and much bellyaching (read … Read More »

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Liberty Mutual, Security Fund Sue Remaining CAP Members

Liberty Mutual Insurance Company and the Self-Insurers Security Fund are suing just more than 100 members of the failed Contractor Access Program Self-insured Group (CAPSIG) for allegedly failing to indemnify Liberty Mutual and pay their fair share of claims now being administered by SISF. The members allegedly owe $11.9 million and $9.6 million to Liberty … Read More »

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Setting the Stage for 2012

California’s workers’ comp community underwent a significant amount of change in 2011 from the top and on down the line, and much of that change is setting the stage for an even more eventful 2012. Workers’ comp costs continue to increase and rates are following suit, but not all the metrics are reported as they … Read More »

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CAP Deal in the Homestretch

The final settlement proposal for the self-insured group Contractors Access Program (CAP) is being greeted positively by the majority of its members, according to Bickmore Risk Services, the conservator appointed by the Department of Industrial Relations. The “Litigation Proceeds and Expense Agreement” between CAP, Liberty Mutual Insurance Company and the Office of Self Insurance (OSIP), … Read More »

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Judge Approves CAP Good Faith Settlement

Sacramento Superior Court Judge David Brown has granted the motion for a good faith settlement of claims against members of the failed Contractors Access Program Self-Insured Group (For previous coverage see CAP Moves to Resolve….). The judge affirmed his tentative ruling after hearing oral arguments from both sides regarding the fairness of the settlement. The … Read More »

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Another Self-Insured Group Gets Assessed

Another California workers’ comp self-insured group (SIG) faces financial demons from its past. Both current and former members of the Healthcare Industry Self-Insurance Program (HISIP) of California group are being asked to cover more than  $3 million in deficits from two recent program years. Group members are jointly and severally liable for one another’s claims and … Read More »

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