Tagged in: Insurance

Girion To Head Up Rate Regulation At CDI

Woody Girion will serve as the new Deputy Commissioner of Rate Regulation at the California Department of Insurance,  Insurance Commissioner Steve Poizner announced late yesterday. Girion is a known long timer in the Department with whom insurers will likely be comfortable. Girion replaces former Rate Regulation Deputy David Diehl who returned to the Maryland Department … Read More »

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News Digest 6/20/2008

WSI Declares $77 Million Dividend The board of North Dakota workers compensation insurer Workforce Safety and Insurance votes to declare a dividend of $77 million that will go to more … Read More »

Legislators And Transparency Getting The Runaround

  One of two vaunted State Compensation Insurance Fund bills had its hearing before the Assembly Insurance Committee. SB 1145, (Senator Michael Machado (D-Linden)). It passed the committee 8-0. It’s had a relatively easy ride through the both houses despite serious flaws in the open meeting provisions that will do little to keep the scandal … Read More »

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Does PD Boost Mean Inadequate July Rates?

Insurance carriers and employers expect the new permanent disability rating schedule to boost costs by hundreds of millions of dollars after it takes effect in January 2009. Employers also expect a surge in claims for injuries that have gotten an increase in future earning capacity. The result will be increased rates. Employers are counting on … Read More »

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News Digest 5/21/2008

State Fund Keeps Its Outside Lawyers in Business State Compensation Insurance Fund apparently does not agree with the 1st District Court of Appeal, which ruled that State Fund must treat … Read More »

News Digest 5/9/2008

Montana State Fund Announces Modest Rate Cut The board of the Montana State Fund has announced that workers’ compensation insurance rates will be reduced next year by an average of … Read More »

News Digest 4/9/2008

State Reform Legislation Moves Legislation reforming State Compensation Insurance Fund’s governance is off and running. It’s being applauded as a step in the right direction, but is real change in … Read More »

Chick Shoots Man

Chuck “Chick” Quackenbush is in trouble again. Current Lee County Florida Sheriff’s deputy and former California Insurance Commissioner Charles “Chick” Quackenbush, brandished his service revolver and shot a suspect. The suspect was resisting arrest, according to the report. Sherriff Quackenbush is on administrative leave pending the completion of an internal investigation. “I’m glad I didn’t … Read More »

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