Private employers that self-insure their workers’ compensation liabilities saw an uptick in claims and workers’ comp costs last year compared to 2019. Self-insured employers saw paid indemnity benefits increase by $25 million to a five-year high of $135 million. In comparison, medical costs dropped by $10 million to $132 million, according to the latest summary …
California’s workers’ comp self-insured group (SIG) industry continues to add employer members and increase its covered payroll. The Office of Self-Insurance Plans says SIG covered payroll is up to nearly $6.3 billion industry-wide. The 23 active SIGs covered 2,079 employers, with almost 320,000 covered employees during the 2019 calendar year. Compared to five years ago, …
California’s private employers that self-insure their workers’ compensation obligation saw their number of claims increase for the fifth year in a row (see chart below). But not all of the increase is due to the higher employment levels during the five-year period. According to data released by the Office of Self-Insurance Plans, there were 3.7 …
Private self-insured employers in California workers’ comp collectively are seeing an increased number of claims, but they decreased future liabilities last year. Somewhat counterintuitively, for the third year in a row, the number of new claims reported increased. All of this comes against a backdrop of stagnant employment numbers. Total employment was 2,259,451 in 2015 …
California’s private stand-alone self-insured employers spent nearly $1.38 billion on workers’ comp indemnity benefits and medical care last year – a sharp 2% decline from the $1.41 billion they spent in 2016. The decrease in outlays came in spite of a small uptick in the number of cases reported from 78,404 in 2016 to 79,655 …
Safety National Casualty Corp. remained the major player in California’s excess workers’ comp market last year with just under $90 million in written premium, but behind it the market was turned upside down. AmTrust tumbled ten places in the annual rankings as over $50 million in excess premium moved to other carriers amid the company’s …
Members of self-insured groups (SIGs) are jointly and severally liable for each other’s losses, but a California Court of Appeal says the individual liability applies only to losses from years in which a member was actively covered by the group. The court rejected a self-insured group administrator’s attempt to assess former members of the failed …
A California Court of Appeal says it isn’t necessary to automatically disqualify the lead counsel for the California Self-Insurers’ Security Fund for hiring away a defense attorney from the other side in an on-going case. But it also chose to give the lower court a chance to determine if disqualification is warranted. The lower court …