California's workers' compensation fund, the State Compensation Insurance Fund, reported net income for 2009 increased 91 percent over 2008 despite a combined ratio exceeding 160.
Workers' comp state funds now control a quarter of the insured workers' comp market, despite the fact they only write in 25 states, according to a new study by Conning Research and Consulting.
News lately has been grim--layoffs, manufacturing plant closures, and bankruptcies--and the duration of the economic slowdown is uncertain. For producers, the economic situation points to reduced premiums, particularly for policies rated on
Horror stories are a staple of those who believe that universal health insurance, with strict parameters set up by the federal government, is the answer ...
Horror stories are a staple of those who believe that universal health insurance, with strict parameters set up by the federal government, is the answer ...
In a scathing report released this week, California Department of Insurance Commissioner Steve Poizner slammed the state's workers' compensation fund -- known as State Fund -- stating that the
The bill, HYPERLINK "http://info.sen.ca.gov/pub/07-08/bill/asm/ab_1401-1450/ab_1401_bill_20070417_amended_asm_v98.pdf" AB 1401 , which was brought by Assemblyman Greg Aghazarian , substantially
Passed by a unanimous vote, the bill, which is opposed by the insurance industry, was sent on to the House. It would also require national insurers with in-place subsidiaries to disclose their overall