Staffing Company’s Challenge To SB 863 Reform Heats Up

Attorney’s for the State of California and a major staffing company are preparing to face off in court over SB 863’s ban on workers’ comp self insurance for professional employer organizations (PEOs), and temporary staffing firms.  Kimco Staffing is seeking to overturn the law on constitutional grounds, but its arguments have already been rejected at … Read More »

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

Read More »

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

Read More »

SISF, Liberty Mutual Sue Former HISIP Members For $57 Million

The Self Insurers’ Security Fund and Liberty Mutual Insurance are taking legal action to collect over $57 million owed by the former members of the Healthcare Industry Self Insurance Program (HISIP) self-insured group. The self-insured group (SIG) was taken over by regulators last April falling into default last year after many of these same former … Read More »

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

Read More »

Qualified SIGs Could Gain Deposit Relief

The change in the state’s workers’ comp, security deposit rules for self-insured employers has put several self-insured groups (SIGs) in arrears with the Office of Self Insurance Plans (see related story on page 3), but for the others – the financially capable SIGs – constructive changes may be on the way. Efforts are underway to … Read More »

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

Read More »

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

Read More »

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

Read More »

Controversy over Proposed SIG Rules Changes

Operators of some self-insured groups (SIGs) are warning that proposed rule changes mandated by SB 863 could drive some groups out of business by setting onerous workers’ comp security deposit requirements. But the hue and cry is not universal. Other SIG operators say they are comfortable with the changes, while some outside the SIG industry, … Read More »

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

Read More »

FAILED SIG LIABILITIES GROW

The estimated cost of the bailout for the latest self-insured group (SIG) to fail in California is already growing and the Self Insurer’s Security Fund has yet to complete an audit or examine the claims reserves. But the failure exceeds by nearly double the amount of deposits on file with the Office of Self Insurance … Read More »

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

Read More »