Tagged in: large deductible

CDI Drafts Rules For Large Deductible

The California Department of Insurance is preparing to update regulations governing workers’ comp policy forms, side agreements and policy endorsements that insurance carriers must file for approval before using. The planned updates are in part a response to the ongoing disputes that employers with large deductible policies have had with carriers over arbitration provisions and … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Large Deductible Dispute Settled

California employers that hold large deductible workers’ comp policies which with companies in the Zurich family will no longer have to fly to another state and abdicate their California rights just to settle a dispute over a workers’ comp policy. The California Department of Insurance and the carrier announced a settlement agreement that will allow … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Large Deductible Dispute Settled (2)

California employers that hold large deductible workers’ comp policies which with companies in the Zurich family will no longer have to fly to another state and abdicate their California rights just to settle a dispute over a workers’ comp policy. The California Department of Insurance and the carrier announced a settlement agreement that will allow … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Large Deductible Arbitration Clauses Still An Industry Problem

The California Department of Insurance (CDI) took action last spring to keep workers’ comp carriers from enforcing arbitration clauses in side agreements to large deductible workers’ comp policies that had not been approved for use in California. The CDI filed a disciplinary action against Zurich American Insurance Company and Zurich American Insurance Company of Illinois, … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Insurance Department Says Zurich Is Breaking The Law

The California Department of Insurance (CDI) is taking action against Zurich American Insurance Company and Zurich American Insurance Company of Illinois for allegedly using a large deductible agreement that has not been approved for use in California. The department last year ordered all carriers writing large deductible workers’ comp policies to file any and all … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

The Fight to Keep Workers’ Comp Policy Disputes in California

Employers and insurance brokers hope to quash a litigious and inconvenient practice pertaining to arbitration clauses in large-deductible workers’ comp insurance policies. They’ve found a champion in Assembly member and insurance commissioner hopeful Dave Jones (D-Sacramento), who has introduced AB 2490. The bill seeks to require that any agreements on dispute resolution proceedings between an … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Letters of Credit Still Available Despite Financial Crisis

Despite the financial crisis that is causing a credit crunch and rivaling the Great Depression, carriers tell Workers’ Comp Executive that posting collateral through letters of credit for large-deductible workers’ comp policies has not emerged as a problem for employers, though there is some tightening, analysts say. This is the case even though some of the … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Large Deductibles Still A Problem Guaranty Funds

A controversy has developed within the National Association of Insurance Commissioners (NAIC) about the adoption of model law addressing the issue of large workers’ comp deductibles in bankrupt carriers’ estates. NAIC rightfully wants to set a uniform guideline for state legislatures to adopt. Of course, the debate is about money and who gets it: whether … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »