Why Self Insured Groups may not be the answer for your firm. Recently I have been made aware of a couple of burgeoning Self Insured Groups (SIGs) that are active in the Central San Joaquin Valley. One of them is Agriculture specific, and has had success in the Farm Labor Contractor
For three years or more, the WCIRB in California has been requesting rate increases to balance an imbalance in collected work comp premium versus work comp losses in this state. These requests have not only been ignored, but the Bureau has been publicly taken to task for even asking. I believe
The California State Compensation Insurance Fund (SCIF) announced November 9 that the 80,000+ employers written direct through SCIF have a new option. They may choose to select an independent broker to represent them through a broker of record letter. Independent brokers “bring significant and lasting contributions through a wide variety
It is my experience that companies that truly (or at least give the appearance of) caring for injured workers will significantly reduce their claims costs and avoid unnecessary litigation. The term "Culture of Caring" should be applied when companies are putting together their injury management plans. A large portion of
There has been a huge upturn in the number of litigated claims over the past 2 years in California Workers' Compensation. Now approximately 40-50% of claims are becoming litigated and virtually 100% of claims older than 2 years are in litigation. When I was told this, my initial question was: Why?
The Workers' Compensation Insurance Rating Bureau of California (WCIRB) issued a statistical report on August 26, 2010 that shows the average cost of an indemnity claim reached $60,253 in 2009 -- of which $19,682 was spent on indemnity and $40,571 was spent on medical costs. In comparison, the 2005 average cost
Introducing a brilliant three-step Workers' Comp premium payment strategy that can save you money: Van Beurden Insurance is currently placing Workers' Compensation accounts in The Hartford XactPay® system. It's the fastest growing payment format in the industry. More than 60% of all employers currently use some form of "instant" pay
And might take its members with them. The following is from a recent article from the Insurance Journal Online. California Contractors Self-Insured Group Closes By Patricia-Anne Tom April 30, 2010 The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by
I received a call yesterday from a client that was upset because their company was sent to collections for unpaid workers compensation medical bills. The language in the letters from the collection agencies are very threatening to you and your company. With the current economic times and credit rating being a