More MEWA Developments
State and federal officials are continuing their efforts to hold accountable those behind the illegal multi-employer welfare arrangement (MEWA) operation that sold a purported alternative to actual workers’ comp coverage. …
Tagged in: workers’ comp
Court Blocks Subcontractor’s Lawsuit Due To Lack Of Coverage
In an interesting case that provides an important example brokers can use, the Fourth District Court of Appeal blocked a subcontractor’s lawsuit against a general contractor for nonpayment. The reason …
New Approach To Pure Premium Rates, ELRs Coming
The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee received a briefing on the Bureau’s plans to develop advisory pure premium rates and expected loss rates (ELRs) extending to three decimal places. The change is under consideration to make it easier to adjust rates for low-hazard, low-rate classifications without running afoul of the 25% …
This content is only available to premium subscribers. Please login here log in
CIGA’s Future Workers’ Comp Liabilities Drops Below $1B
The California Insurance Guarantee Association’s board of directors heard from their independent actuary that the association’s estimated future workers’ comp liabilities is now valued at less than $1 billion. The association’s ongoing effort to close out claims and the dearth of new claims has helped it eliminate nearly $680 million in estimated liabilities over the …
This content is only available to premium subscribers. Please login here log in
Ruling Preserves Ballot Access For Workers’ Comp Measures
This content is only available to premium subscribers. Please login here log in
Workers’ Comp Rate Cut Details
The Department’s decision to cut the pure premium rate by 2.1% effective September 1, 2024, is based on actuarial findings that differ from those adopted by the Workers’ Compensation Insurance Rating Bureau to support its request for a 0.9% rate hike. Most notable are CDI’s differences with the Bureau regarding how much carriers will spend …
This content is only available to premium subscribers. Please login here log in
SIBTF Has Burden Of Proof To Claim Benefit Offset
This content is only available to premium subscribers. Please login here log in
California’s Excess Workers’ Comp Market, 2024
California’s excess workers’ compensation insurance market last year showed more volatility than usual with several groups decreasing written premium, while the excess market grew slightly overall. Total written excess premium last year was nearly $238 million compared to $234 million in 2022. Tokio Marine’s Safety National Casualty Corp. remained the state’s largest market with $136 …
This content is only available to premium subscribers. Please login here log in