News Digest 10/22/2007
TDI: Illness and Injures on the Rise The Texas Department of Insurance announces that private industry workplace injuries and illnesses were up statewide in 2006. However, rates in the Lone …
Tagged in: Insurance
Did SCIF Overpay In Land Deal
An investigation conducted by Workers’ Comp Executive has found that California’s State Compensation Insurance Fund’s zeal to build its new regional office in Redding came at a big price. The quasi-governmental California workers’ compensation insurance company paid about $5 million for an 11-acre plot of land that had been purchased a year earlier by the …
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Department Of Insurance Delays Publication Of Financial Statement
Due to the ongoing California Department of Insurance investigation of State Compensation Insurance Fund, the insurer’s 2006 year-end financial statements will be published late. Though State Fund has submitted its annual and quarterly financial statements in a timely manner, the year-end statements won’t be published until after the CDI issues its investigation report to the …
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Did State Fund “Overpay” In Redding Land Deal?
An investigation conducted by Workers’ Comp Executive has found that California’s State Compensation Insurance Fund’s zeal to build its new regional office in Redding came at a big price. The quasi-governmental California workers’ compensation insurance company paid about $5 million for an 11-acre plot of land that had been purchased a year earlier by the …
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News Digest 10/4/2007
District Cuts Some Workers’ Comp Rates The District of Columbia Department of Insurance announces it has approved a 7.6 percent workers’ compensation rate decrease for voluntary market industrial risks and …
News Digest 10/1/2007
Chino Maintenance Firm Owner Fined for Noncompliance The owner of a Chino janitorial/housekeeping firm faces a $17,000 fine and a stop-work order for failure to show proof of workers’ compensation …
The Stars Might Lie, But Numbers Never Do
Insurance Regulatory Information System (IRIS) ratios from the National Association of Insurance Commissioners have arrived. Which insurance companies have been cruising on easy street this year, and which carriers are cruisin’ for a bruisin’? Click Here
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Bureau Recommends First Increase In Four Years
Workers’ Compensation Insurance Rating Bureau of California recommended a 4.2 percent overall average increase to pure premium rates for the Jan. 1, 2008. The increase does not include the impact of potential legislation now pending in the Legislature, but that bill would not increase rates significantly. The recommendation was approved by the Bureau’s governing committee. …
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