State Compensation Insurance Fund officials reported at the mid-year mark that the carrier’s net premiums earned were running slightly ahead of 2023 results. However, with another quarter in the books, officials now say it is trailing its prior year performance. Executives say the change is due to a drop in new and renewal business coming …
A California employer will get a second chance to fight a collection effort for allegedly unpaid workers’ comp premium. The employer failed to respond to the complaint and summons in a timely manner but claimed it confused the dates for responding with a later date for a case management conference that was listed in the …
A construction company is asking the California Department of Insurance Administrative Hearing Bureau to settle two disputes with the State Compensation Insurance Fund over the premium calculation. The company, Mid-Construction Group, is contesting the inclusion of payroll for a licensed subcontractor on a project and State Fund’s application of its tier modifier to the policy. …
State Compensation Insurance Fund officials say the carrier’s net premiums earned in the first half of 2024 are up slightly from a year ago, at $555 million or 0.3% higher than the $554 million it had last year at this point. The carrier rebounded from a first quarter that saw its premium down 4.1% from …
The Workers’ Compensation Appeals Board has decided to sanction an applicant’s attorney and her hearing rep $20,000 each for repeatedly using frivolous tactics to delay workers’ comp cases. The WCAB gave attorney Susan Garrett and hearing representative Lance Garrett 20 days to explain their actions to avoid the sanctions. The Board found their responses lacking …
State Compensation Insurance Fund officials say its first quarter 2024 net premium dropped 4.1% compared to the total in the prior year period. They attribute the decline to a drop in new and renewal business. State Fund says it earned $260 million in net premium during the first quarter of 2024 compared to $271 million …
The State Compensation Insurance Fund says while its net premiums earned are down 4.6% through the first nine months of 2023 compared to 2022, its earnings of $846 million are close the to $886 it earned last year (see chart). Officials say the decline in net premium is due to a reduction in new and …