Tagged in: Workers’ Comp Executive
Industry One-On-One: Vern Steiner, State Compensation Insurance Fund – Part 2
Workers’ Comp Executive sat down recently with State Compensation Insurance Fund President Vern Steiner (see photo) for a one-on-one meeting to discuss the quasi-governmental carrier’s current condition and its on-going role in the California workers’ comp market. Last issue we discussed State Fund’s return to paying dividends, its half-billion-dollar reserve release, and the workers’ comp …
Industry One-On-One: Vern Steiner, State Compensation Insurance Fund – Part 1
Workers’ Comp Executive sat down with State Compensation Insurance Fund President Vern Steiner (see photo) for a one-on-one interview to discuss the quasi-governmental carrier’s current situation and its on-going role in the California workers’ comp market. The conversation touched on a wide range of topics from State Fund’s recent return to paying dividends to its …
Small Turnout For Repeal AB 5 Rally
A handful of California legislators led a rally on the West Steps of the Capitol last week to show Gov. Newsom and the rest of the Legislature the widespread support to repeal AB 5 – the 2019 legislation that put into statute a new set of rules for differentiating between independent contractors and employees. As …
Brokers Seeing Bonus Commissions
California’s workers’ comp carriers are on an impressive run of profitability with five straight years of combined ratios well below 100 in spite of continued rate decreases. The overall soft market, however, has carriers competing for premium. Brokers report numerous bonus opportunities for delivering new accounts in the competitive workers’ comp market. Workers’ Comp Executive …
National Award For Applied Underwriters Reportage
Workers’ Comp Executive is pleased to announce that the Specialized Information Publishers Association (SIPA) is recognizing the publication for its continued excellence in covering the controversies surrounding Applied Underwriters and …
Sedgwick Grows With York Risk Acquisition
Five years into its ownership of York Risk Services, private equity firm Onex found its exit with a deal to sell the third-party administrator (TPA) to competitor Sedgwick for an undisclosed amount. Onex reportedly paid $1.3 billion to acquire York in 2014. The deal reinforces Sedgwick’s position as the nation’s largest TPA. Sedgwick itself is …
Applied Underwriters Selling Off Assets
Applied Underwriters is on the market and in the process of being sold. More than a dozen internet addresses that it owns do not appear to be part of that …