The Ninth Circuit Court of Appeal is calling on Applied Underwriters’ New Mexico subsidiary and the California Department of Insurance to adhere to an accelerated briefing schedule in the company’s …
The California Insurance Guarantee Association (CIGA) has good news. It is going another year without assessing California employers or other insureds to support its operations. Recent operational changes make future assessments even less likely. Association officials note that CIGA has nearly $2.7 billion in surplus across all of its lines of responsibility – workers’ compensation, …
Insurance Commissioner Ricardo Lara approved September 1, 2021, pure premium advisory rates that essentially split the difference between the insurance industry’s request for a 2.7% rate increase and an independent actuary’s recommendation for an 8.2% decrease. The final recommendation for a 3.4% decrease was not the only place where the California Department of Insurance divided …
Nearly four years and two trials later, the Los Angeles District Attorney’s Office secured only a single felony conviction against the owner of a Southern California staffing company. It is for transacting insurance without a certificate of authority. The charge was one of 78 alleged in both trials, but the jury acquitted on all the …
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 …
Applied Underwriters’ second attempt to have a federal court halt the California Department of Insurance conservation of California Insurance Company (CIC) ended the same way as when it tried it …
Correction: The original version of this article misidentified the organization that is pursuing a public records act lawsuit against the California Department of Insurance. The organization is Consumer Watchdog and …
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 …