Tagged in: X-Mod

Chinese Coronavirus: New Rules For X-Mods, Premium, & Ratemaking

The Workers’ Compensation Insurance Rating Bureau is backing special rules to limit the impact of the Chinese coronavirus (COVID-19) pandemic on employers’ X-Mods and allow steps to lessen workers’ comp premiums, but not before a critical committee amended the proposal. Members of the Classification & Rating Committee insisted on changes to expand the proposal while … Read More »

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Chinese Coronavirus Impacts American Workers’ Comp Claims

The ongoing Coronavirus, or COVID-19, pandemic is creating many problems for the workers’ comp industry that are likely to impact claims both in the short and long-term adversely. Delayed care, extended time on temporary disability, and a limited ability to return injured employees to work are all expected to drive up claims costs for employers. … Read More »

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State Fund Gives Policyholders $50M In COVID-19 Relief

The State Compensation Insurance Fund is not waiting for a compensability finding to aid policyholders and essential workers impacted by the COVID-19 pandemic. The carrier has created two funds,  one to help policyholders buy necessary safety-related equipment and another to help their workers with medical bills or lost wages if they become ill with COVID-19 … Read More »

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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 … Read More »

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Applied Underwriters Ignored X-Mod Change

Insurance Commissioner Ricardo Lara finds more controversy about Applied Underwriters. Commissioner Lara determined California Insurance Company (CIC), an Applied Underwriters unit, violated Insurance Code sections 11734 and 11735 by using … Read More »

SCIF’s Tier Modifier In Dispute Again

State Compensation Insurance Fund and Sessions Payroll Management have a contentious history, and that’s not about to change any time soon. The companies are engaged in ongoing litigation and are now back at it. Now it’s before the California Department of Insurance’s administrative hearing bureau for another fight over SCIF’s tiered rating system. State Fund’s … Read More »

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Brother & Sister Face Workers’ Comp Fraud Charges

The Los Angeles District Attorney’s Office filed a 12-count indictment against the brother and sister owners of a Southern California construction company.  Allegedly State Compensation Insurance Fund was cheated out of $6 million in premium. Charged are Enrique Vera, the owner of Ultimate Inc., and his sister Gloria Vera the company’s office manager. The pair … Read More »

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