California Workers’ Comp Loss Ratio at 81%

According to the Bureau’s latest data, California’s workers’ compensation insurance carriers returned a pre-tax underwriting profit of nearly $2 billion last year. The 14% underwriting profit ratio is the third straight year of double-digit underwriting margins, but the results include State Fund’s numbers which adversely skew the results. The results sans State Fund are eye-popping. … Read More »

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Private Self-Insureds’ Results

Private employers that self-insure their workers’ compensation liabilities saw an uptick in claims and workers’ comp costs last year compared to 2019. Self-insured employers saw paid indemnity benefits increase by … Read More »

Not Quite The Dog Days

July can often be thought of as a quiet time for those who observe the workers’ compensation system in California. The Legislature rushed through Committee deadlines before going on summer … Read More »

Workers’ Comp is the Most Profitable Line

“Workers’ compensation continues to be the most profitable line” in the property and casualty sector, says Donna Glenn, chief actuary for the National Council on Compensation Insurance. Glenn delivered the message as part of the rating agency’s annual State of the Line report.  It shows the industry not only weathered the economic fallout from the … Read More »

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The Suspense is Killing Me

This time of year is always a strange one for followers of California’s sometimes chaotic and other times opaque legislative process. Specifically, May 21st is the deadline for the Senate … Read More »

Employer Third-Party COVID Liability Case Is Back

The parties in a lawsuit seeking to hold an employer liable for the case of COVID-19, the virus originating in China, that an employee’s wife contracted are due back in federal court next month. The negligence lawsuit was dismissed earlier, but the case is back on an amended complaint the employer, Victory Woodworks, will argue … Read More »

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State Employee Workers’ Comp Costs Nearly $1Billion

California taxpayers paid out nearly $1Billion – some $845 million – for the 2019-20 fiscal year to provide workers’ compensation benefits to California state workers. The state pays claims but no premium. The total is up 5.2% or $41 million from the prior year and is up $123 million or 17% since the 2017-18 fiscal … Read More »

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Targeted Inspections Find 25% Uninsured

The state’s Labor Enforcement Task Force (LETF) uses high-tech reconnaissance and research to identify employers in several industries that are most likely operating in violation of California labor laws. It looks for payment of wages, workplace safety, and providing workers’ compensation coverage. In the latest fiscal year, the task force identified and inspected 578 businesses … Read More »

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