Proposed Reinsurance Regs Burden Industry, Don't Help Ciga

Treatment of – Set-Offs and Intermediaries Biggest Concerns

By: Workers' Comp Executive - The journal of record for the workers' comp community in California.

Proposed reinsurance regulations promulgated by the California Department of Insurance have California workers' comp carriers and their reinsurers in a serious tizzy. Although the Department's thoughts appear to be associated with assisting the California Insurance Guarantee Fund, it's not clear, at least at the moment, what these proposed regulations will do to relieve CIGA of its burdens. Other industry sources say these changes will create upward pricing pressures because availability o

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