self-insured | Page 5 of 10 | Workers’ Comp Executive | Workers’ Comp Executive

Menu

Self-Insured’s Experience Barred From Rating Calculation

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 … Read More »

This content is only available to premium subscribers. Please login here log in

Excess Workers’ Comp Market Grows

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 … Read More »

This content is only available to premium subscribers. Please login here log in

And A Fight Broke Out! Three Farm Labor Firms Try To Remain Self-Insured

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 … Read More »

This content is only available to premium subscribers. Please login here log in

Dual Audit Standards Coming For Self-Insured Employers

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 … Read More »

This content is only available to premium subscribers. Please login here log in

Alternative Security Program Adds Newly Self-Insured Members

California’s alternative security program (ASP) for large, individual, self-insured employers will be operating this year with a net increase in the number of companies covered, but the overall value of the program is down 3%. Overall, the $7.5 billion program run by the Self Insurers’ Security Fund (SISF) added eight new members – including five … Read More »

This content is only available to premium subscribers. Please login here log in

SB 863 Boosts Self-Insured Deposits By $300M, Returns Millions To Others

Last year’s comprehensive workers’ comp reform bill did a few things besides increase benefits for injured workers. It also changed the requirements for security deposits self-insured employers in California must post. The change generated some $300 million in additional collateral to protect the benefits of injured workers while returning over $70 million to many formerly self-insured … Read More »

This content is only available to premium subscribers. Please login here log in

Centralized Workers’ Comp Resource Bill Advances

The California legislature is advancing a bill to require the California Department of Insurance to spend $128,000 to collate and publish currently available data on California workers’ comp carriers. The bill – SB 36 by Sen. Ben Hueso (D-San Diego)– cleared the Assembly Insurance Committee without opposition and without a requirement that CDI also post … Read More »

This content is only available to premium subscribers. Please login here log in

Self-Insured Alternative Security Program Grows Nearly 25%, Officials Say

California’s alternative security program (ASP) for large, self-insured employers is operating this year with a net increase of nine new employers and is now covering workers’ comp security deposits worth a combined $7.7 billion. The 24.8% increase in the program’s coverage comes as its membership bumped up to 349 employers and the state tightened the … Read More »

This content is only available to premium subscribers. Please login here log in