Workers’ comp insiders from all corners of the industry reveal that 2014 is already shaping up to be a action-packed year for the California workers’ comp system. Not only will we see a continuation of past themes, there will be new issues rising. Beyond the ongoing efforts surrounding the implementation and defense of the SB …
In a late Friday afternoon announcement California Insurance Commissioner Dave Jones approved a 7.6% increase for the 2014 workers’ comp pure premium advisory rates. The decision by the California Department of Insurance (CDI) knocked roughly five cents off what the Workers’ Compensation Insurance Rating Bureau (WCIRB) had asked for last month in its amended rate …
Tongues are wagging in the industry about what could have caused the abrupt “resignation” of Tom Rowe, the top executive at the largest workers’ comp carrier in California, and Dan Sevilla his chief financial officer, in the middle of the last SCIF board meeting, but little is being said officially. The resignations are being termed …
State Compensation Insurance Fund is about to file a 6.5% rate increase for January 2014 and there’s even more coming in March. Remember its 2013 rate filing cut rates by 7% and they said the cuts were in anticipation of the cost savings from SB 863 reforms. The carrier is now preparing to claw back …
California employers that get their workers’ comp coverage at a discount through one of State Fund’s myriad safety groups could be paying more for their coverage next year. The State Compensation Insurance Fund’s (SCIF) board of directors is currently in closed session but Workers’ Comp Executive has learned that one of the key issues under …
State Compensation Insurance Fund (SCIF) president Tom Rowe says the state’s largest workers’ comp carrier is sticking by its move to lower its pure premium rates by 7% in anticipation of SB 863 delivering on its promise of savings, but the lower base rate is having an impact on its bottom line. The carrier is …
Correcting Story: Lawyers at State Fund Workers’ Comp Executive is hearing from sources within State Fund that we missed the mark slightly on the Chris Citko announcement. We now understand that Citko is not replacing Mr. Van Horn after his retirement , as we said, and that this position is actually being filled by Lisa …
The nation’s 20 competitive state funds are riding on a two-year trend of writing more workers’ compensation coverage and are growing faster than their private carrier counterparts according to a new report by industry analysts. Overall, these 20 state funds boosted net premiums written by 13.5% last year while a composite of private carriers increased …