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 …
Claims administrators for California employers that self-insure their workers’ compensation liabilities are doing a better job reporting their estimated future costs on workers’ comp claims, but state data show they still have room for improvement. Auditors from the Office of Self-Insurance Plans opine that administrators failed to report nearly $120 million in estimated future liabilities …
Public employers that self-insure their workers’ comp liabilities spent slightly more in the 2015/16 fiscal with the total increase amounting to less than 1% overall. However, with the total spend of more than $2.1 billion, the increase amounts to an additional $166 million in taxpayer dollars going to workers comp costs. Overall, California’s local taxpayers …
The California Department of Insurance has ruled the Workers’ Compensation Insurance Rating Bureau was correct in denying an employer the benefit of its self-insured experience in calculating its current experience rating modification (X-Mod). A CDI administrative law judge says the Bureau correctly denied the experience because the employer failed to have the data certified by …
California’s excess workers’ comp insurance industry grew by more than 10% last year as written premium climbed past $240 million, according to the latest reports from the California Department of Insurance. The expansion follows a 6% increase in 2014 and experts say the continued growth is being driven primarily by payroll expansion on both the …
A new challenge to the state’s prohibition against staffing companies self-insuring for workers’ comp purposes is being mounted even as the industry waits for a ruling in a prior lawsuit. The latest test is being mounted by farm labor firms that are having their certificates revoked under SB 863. The companies – Esparza Enterprises, Valley Harvesting …
State regulators are planning a complete overhaul of the regulations governing self-insurance for workers’ compensation in California, but even before this is launched they are already implementing a new set of processes for auditing existing self-insured employers and self-insured groups (SIGs). Additional work is also underway to identify companies and/or SIGs that appear to be …