An East San Diego residential and commercial framing contractor must repay State Compensation Insurance Fund more than $291,444 in connection with his guilty plea to one count of workers’ compensation insurance premium fraud. San Diego County Superior Court Judge David Danielsen also sentenced Christopher Nicol, 38, up to one year in the custody of the …
More Than 13 Percent of Texas Workers’ Comp Insurers Rate Poor A Texas Department of Insurance review of the state’s workers’ compensation insurers, based on speed of payment and other …
More corruption and fraud is reported by whistleblowers in the insurance industry than in other major industries such as public administration, transportation and retail trade, according to a new report. Insurance companies and financial institutions accounted for 18 percent of all calls associated with fraud and corruption hotlines surveyed, according to the report by The …
New Law Requires New York Employers to Have Full Coverage Under a new law, insured employers with any employees in New York now must have workers’ compensation insurance policies providing …
The hits just keep coming for State Compensation Insurance Fund – in the midst of an arduous on-going investigation, the carrier is now being sued by its own in-house – and unionized — lawyers, who are claiming State Fund is inappropriately hiring outside attorneys, and as such is not living up to its contractual agreement …
As a result of loss adjustment expenses not continuing their decline the workers’ Compensation Insurance Rating Bureau of California is set to make a rate increase recommendation for California workers’ compensation. While the number crunching continues it is likely that the Actuarial Committee will recommend to the Governing Committee an increase of between 3.5 and …
The jingoistic term “principles-based regulation” is a guide for slightly looser regulation of the insurance industry. It is a different legal foundation and one in which regulators are more interested in insurers’ outcomes and meeting standards rather than the operating methodologies carriers employ to meet those thresholds. Policy-makers in New York are rethinking the way …
State Compensation Insurance Fund has “achieved significant progress in getting the organization back on track,” or so says board President Jeanne Cain in a letter. It was sent today to Senator Mike Machado and accompanies a status report on the Fund’s internal operations. The report does not detail any of the findings of the organization’s …