Private employers that self-insure their workers’ compensation liabilities are on the hook for an estimated $4.45 billion in future liabilities for injuries sustained by their employees. The total future liabilities are up nearly $200 million from the prior year despite a drop in the number of claims and overall exposure. The number of employees declined …
Governor Gavin Newsom released his May Revise to the budget proposal pending in the Legislature. The Department of Industrial Relations not only escaped additional cuts but could see five additional positions if the proposal is adopted as drafted. The Department also stands to gain $241 million in funding, bringing its revised budget to $1.77 billion. …
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 …