SB 189, the workers’ comp bill to fix last year’s mess created by AB 2883, is heading over to the Assembly Insurance Committee. The insurance industry hopes to add language that will address issues such as retroactivity and waiver responsibilities. However, experts say such amendments should have happened sooner since the law it is meant to …
To raucous cheers and shouting from supporters yelling “no more health care greed,” legislation requiring the state to establish a single-payer health care coverage system for all Californians passed out of the Senate Health Committee. The bill, however, is still lacking any significant details of how workers’ compensation would be included. In a nutshell, The …
The State Compensation Insurance Fund is back in the Building again. This time it’s asking for more exempt from civil service management positions. The quasi-governmental state agency has steadily expanded its management team through a series of such requests since cascading scandals a decade ago prompted an overhaul of its governance and management structure. Given its …
The California Senate is wasting no time in addressing one of the issues plaguing the workers’ comp system – last year’s AB 2883 which changed the rules for excluding company executives from workers’ comp coverage. For all its good intentions, the workers’ compensation anti-fraud measure wound up burdening brokers and carriers alike and blindsiding small …
California’s legislators are back in Sacramento for a new two-year session, and one of the first orders of business is to fix a major problem created by the previous legislative class. That problem stems from the Assembly Insurance Committee’s bill AB 2883 which changed the standard for excluding company executives and officers from its workers’ …
Only a handful of bills have been introduced so far for this legislative session, but one of the first could be shaping up to be a major battle that could unwind years of workers’ comp reforms. Supporters maintain that it is a needed correction to cut out the “red tape” that is plaguing the system. …
On September 6, the California Department of Insurance entered into a “Stipulated Consent Cease and Desist Order” with California Insurance Company (CIC) and Applied Underwriters Captive Risk Assurance (AUCRA) Company regarding certain regulatory actions the Department is taking concerning the EquityComp® program and its Reinsurance Participation Agreement (RPA). This is one of two disputes between …
Mark Webb deals with the year in review.