The alternative security program (ASP) run by the Self-Insurers’ Security Fund is covering $6.5 billion in security deposits for 365 self-insured private employers for the 2020/21 program year. It does so without the members posting security deposits. The total amount covered by the ASP is down roughly $100 million from last year in spite of …
The Self-Insurers’ Security Fund (SISF) is seeing a steady decline in its open workers’ comp claim count and annual spend in the wake of the Baker workers’ comp reforms. The improved performance is in spite of the addition of two new estates in its latest fiscal year. SISF is the financial backstop for California employers …
The Self-Insurers’ Security Fund’s case against the employers and staffing companies that obtained workers’ comp coverage through the failed Mainstay Business Solutions survived another procedural challenge. The case is now going on seven years old. The pace of settlements are picking up, but many are continuing to fight the Fund’s collection attempts. The latest development …
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 …
California’s Self-Insurers’ Security Fund’s (SISF) $40 million lawsuit for joint and several liability against hundreds of former members of a failed healthcare industry self-insured group (SIG) has been delayed. A court has forced it to obtain new counsel. The case, which is over three years old, is being stayed to give SISF time to find …
Correcting the Record: Workers’ Comp Executive needs to correct the record regarding the story about Self Insurers’ Security Fund’s on-going legal efforts in the Mainstay Business Solutions case that appeared in the last edition. Our September 23, 2015 article – Mainstay’s Employer Clients Could Be Liable – included information provided by the Sacramento Superior Court, a some …
As always with the first issue in the New Year Workers’ Comp Executive presents it ‘Top Stories’ from last year. Past performance is the best predictor of the future, as underwriters like to say. The SB 863 reforms are continuing to make headlines more than two years after they were passed, but they were far …