State Compensation Insurance Fund | Page 2 of 42 | Workers’ Comp Executive | Workers’ Comp Executive

Menu

Silver Lining in State Fund Appeal Loss?

State Compensation Insurance Fund won and lost the same case simultaneously. In an interesting decision, the Third District Court of Appeal agrees with the State Compensation Insurance Fund’s interpretation of a settlement agreement it reached with the California Department of Insurance. Nonetheless, it found that State Fund waited too long to challenge the underlying case … Read More »

This content is only available to premium subscribers. Please login here log in

State Fund’s Premium Decrease

State Compensation Insurance Fund executives told the carrier’s board of directors that net earned premium is down 6.4% through the first half of 2023. Management explained that less new business is coming in the door, and renewals are also down in the competitive California workers’ comp market. The mid-year totals are an improvement over the … Read More »

This content is only available to premium subscribers. Please login here log in

State Senate In The New District 19

Palm Springs City Council member Lisa Middleton, a retired State Compensation Insurance Fund executive, has declared for State Senate with a long list of endorsements from local, state, and national figures in the Democratic Party. Middleton has expertise in workers’ comp claims and is generating interest from the workers’ comp community. The collective wisdom is … Read More »

This content is only available to premium subscribers. Please login here log in

Tiered Rating Class Action Settled

State Compensation Insurance Fund agreed to put up $65 million to settle class action lawsuits over its tiered rating system filed by Michael Reynolds Enterprise, American Jetter & Plumbing, and Reliance Treatment Center. The settlement also limits the carrier’s ability to file future tier ratings and modifiers under a cloak of confidentiality with the California … Read More »

This content is only available to premium subscribers. Please login here log in

State Fund’s Premium Down In First Quarter

State Compensation Insurance Fund reported a 6.6% drop in net earned premium for the first quarter of 2023 compared to the prior year. Company officials told its board of directors that the drop is linked to an overall decline in both new and renewal business. The quasi-governmental workers’ comp carrier reported net premium earned of … Read More »

This content is only available to premium subscribers. Please login here log in

Dispute Over Per Diem Payments

State Compensation Insurance Fund and the nurse staffing firm ReadyLink are due in court next week to start the first of possibly two trials. The decade-long dispute concerns workers’ comp premium on alleged per diem payments. ReadyLink is countersuing for breach of contract but will have to wait to put these claims to a jury. … Read More »

This content is only available to premium subscribers. Please login here log in

State Fund’s Improving 2022 Combined Ratio

The State Compensation Insurance Fund remains California’s largest workers’ comp carrier, but the carrier saw less new business in 2022 as premiums dipped slightly to $1.175 billion. A 5% decline in net premiums was partially offset by an average 8% rate increase at the start of 2022 that targeted select high-risk classes. The strategic underwriting … Read More »

This content is only available to premium subscribers. Please login here log in

Rate Change or Class Change – When Must A Carrier Tell Insured?

The Fourth District Court of Appeal says Insurance Code section 11664 only requires carriers to notify insureds if the premium rate in their governing classification is going up by 25% or more. Carriers are not obligated to tell insureds that they will pay more due to a change in governing or other classifications. The decision … Read More »

This content is only available to premium subscribers. Please login here log in