News Digest 5/17/2007
Bay State to Get 17 Percent Rate Cut The Massachusetts Division of Insurance announces an average 17 percent workers’ compensation rate cut, which is expected to save employers in the …
Tagged in: Insurance
News Digest 5/14/2007
State Fund Promotes West to V.P. State Compensation Insurance Fund promotes 27-year veteran David West to replace former Vice President Renee Koren. By Matthew Yi, San Francisco Chronicle Go to …
News Digest 5/10/2007
New Legislation Gives SCIF Room to Grow – A Lot Two bills that would affect State Fund greatly pass out of the Assembly Insurance Committee. Get all the details on …
News Digest 5/4/2007
WCIRB Study: Reform Keeps Employers’ Costs Down The Workers’ Compensation Insurance Rating Bureau of California, in its review of workers’ comp insurers’ for 2006, finds that California employers are continuing …
Another Rate Cut? No Worries So Far
Despite continuing wholesale drops in California’s pricing and the Workers’ Compensation Insurance Rating Bureau’s new call to cut pure premium rates another 11.3 percent on July 1, A.M. Best Co. remains sanguine on the Golden State marketplace – for now. But much is at play in California that could change that outlook. New out-of-state carriers …
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News Digest 3/29/2007
State Fund Group Administrators Paid $500 Million State Compensation Insurance Fund has paid out more than $500 milllion in fees to its administrators, payments the company wont’ disclose. That is …
State Fund Group Administrators Paid $500 Million
The firing of State Compensation Insurance Fund president Jim Tudor and vice president of group programs Renee Koren last week was another step toward the culmination of years of likely funny business in the insurer’s group safety programs. SCIF has paid nearly a half-billion dollars in fees to its group administrators over the past few …
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News Digest 3/19/2007
Rhode Island’s Beacon May Cut Rates by 5.5 Percent Rhode Island workers’ compensation insurer Beacon Mutual Insurance Co.’s new chief executive officer James Rosati tells business leaders that the company …