The Department of Industrial Relations is refusing to provide a list of self-insured employers participating in the state’s alternative security program (ASP). DIR repeatedly made the list of participants public in the past. The Department claims it is not permitted by law to provide the information, but the statutes the Department is citing have not …
Private sector employers in California that self-insure their workers’ compensation obligations collectively paid $1.73 billion in 2024 for indemnity and medical benefits for injured employees. The total is up approximately 11% from the prior year, with higher medical costs accounting for the lion’s share of the increase. It mirrors the costs California workers’ comp carriers …
The Department of Industrial Relations has released its assessments for 2025. The charges are added to employer’s workers’ comp policies, and self-insureds are assessed differently. DIR says the total cost …
California’s private sector employers that self-insure their workers’ comp obligations collectively spent $1.56 billion last year to provide indemnity and medical benefits to injured employees. The payments cover claims from all years, up 7.6% from the prior year. The self-insured employers have estimated future liabilities still outstanding of $4.18 billion, up from $4.03 billion outstanding …
Bankrupt retailer 99 Cents Only Stores LLC stopped paying its workers’ comp claims, and the California Self-Insurers’ Security Fund (SISF) is now tasked with ensuring that its injured workers receive their statutory benefits. State officials note the self-insured employer had $43 million in workers’ comp liabilities at its default but say that based on the …
California’s SIGs – Self-Insured Groups –– may no longer have to post security to secure financial viability as self-insureds. State officials say they are returning to a subject that has been bandied about for years but never implemented – allowing SIGs to participate in the alternative security program (ASP) run by the Self-Insurers Security Fund …
The final rule establishing when and how penalties will be assessed for carriers and self-insured employers who fail to properly report claims to Medicare is now out and set to take effect on December 11, 2023. The final regulation, however, gives the regulated public a year before fines can kick in, which will give them …
The number of self-insured groups (SIGs) in California’s workers’ comp industry remained steady at 25 last year, but the number of employers covered by the groups was down last year for the third year. Total covered payroll was up 8% to top $7 billion. The statistics cover the 2022 calendar year results. The change in …