The California Insurance Guarantee Association (CIGA) is reporting a solid financial position three-quarters of the way through its fiscal year. The board heard that it is running surpluses across all lines and that workers’ compensation is leading with a surplus of over $1.3 billion. Across all lines, CIGA has a surplus of nearly $2.8 billion …
Assembly Speaker Anthony Rendon tapped a legislator with an infamous surname to lead the Assembly Insurance Committee. Assemblyman Lisa Calderon (D-Whittier) was named as committee chair. Assemblyman Bill Essayli (R-Riverside), a former federal prosecutor and now a trial attorney, is the committee’s vice chair. The remaining appointments to the Assembly Insurance Committee were still pending …
The pandemic put a heavy strain on the healthcare system’s ability to deliver care amid surges in cases and high infection rates among healthcare workers. But new research indicates that the workers’ comp system continued delivering timely care to injured workers throughout the pandemic. Alex Swedlow (see photo) with the California Workers’ Compensation Institute (CWCI) …