Workers’ Comp Executive | Page 6 of 9 | Workers’ Comp Executive | Workers’ Comp Executive

Menu

State Fund Suffers Significant Premium Decrease, Expenses Increase

California’s State Compensation Insurance Fund (SCIF) is still the state’s largest workers’ comp provider, but the margin separating it from the rest of the pack continues to erode. Officials at the non-taxpaying, quasi-governmental organization say net premiums through the first half of the year are down to $464 million, down nearly 20 points from last … Read More »

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

CE Credit Offered for Rate Hearing on California Workers’ Comp

Workers’ Comp Executive will offer continuing education credits (CE) to those who watch its live coverage of Tuesday’s workers’ comp rate hearing. The California Department of Insurance joins the State Bar of California in authorizing educational credit for this hearing. For those who can’t attend the hearing in person, it will be provided through a … Read More »

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

Court Set to Rule On CAP Dissolution Plan

A Sacramento Superior Court is set to rule tomorrow on a plan for dissolving the failed Contractors Access Program (CAP) self-insured group (SIG) that will keep the group from following its parent CRM Holdings into bankruptcy. But the fallout from the $38 million failure — California’s first for an active SIG — is still being … Read More »

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

BancInsure Faces Ratings Downgrade

Recent rate increases for its California workers’ comp business were not enough to stave off a downgrade of BancInsure’s rating by A.M. Best. The rating firm cut the banking industry insurer’s rating from an A- rating to a financial strength rating of B++ and issued a negative outlook for the Oklahoma City-based carrier. A.M. Best … Read More »

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

Why Is the WCIRB Hiding Factual Documents?

In spite of claims of transparency, the Workers’ Compensation Insurance Rating Bureau of California continues to refuse to make public a copy of the “informational” rate filing calling for an increase of 39.8% that it filed with the California Department of Insurance just a couple of months ago. [See WCIRB-Opts-Out-Informational-Filing-for-39.8% ]. This filing stands in … Read More »

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

Employers Working to Stop Cost Driver Bills

The Legislature is on summer break, so employers are preparing last-minute lobbying efforts to stop bills that will increase costs to employers by essentially rolling back reforms. Besides a presumption bill for hospital employees (see story), the labor codes affecting apportionment and temporary disability are also under attack. If employers can’t stop the final push … Read More »

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

WCIRB Kept Salaries Secret From Legislature and Board

The fact that five executives at the Workers Compensation Insurance Rating Bureau of California are receiving some $1.7M in salaries – some 6% of the total annual budget, and more than 11% of the organization’s total salaries is shocking to some. So is the $500,000 that President Bob Mike receives. But even more shocking are … Read More »

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

WCIRB SETS UP INSIDE JOB FOR $500,000 SALARY

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB), Insurance Commissioner Dave Jones’ statutorily created statistical agent, is refusing to release any information on the search for a replacement for its outgoing president Bob Mike. That’s funny because one would think it’d have a lot of applicants for a job that pays nearly $500,000 per … Read More »

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