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DIR Turns Contractors SIG over to Security Fund

11/19/2010
insurance industry is to maintain a "confidence level" of 50 to 55 California SIGs must reserve for claims at the 80 confidence level which means in eight out of 10 years the amount set aside for losses would be more than enough to cover actual costs. Just before it was taken over CAP had

Category: News

SIGs Using New Mechanism to Cover Security Deposits

01/20/2014
By Greg Jones Western Bureau Chief Five self-insured groups in California have posted letters of credit obtained through an alternative mechanism created by a global risk and insurance firm designed to free up operating cash that would otherwise be frozen as a security deposit. Self-insured

Category: News

Selective Insurance Makes 6 Executive Appointments

08/25/2004
company in San Rafael California. Prior to QuadraMed Lanza was an Assistant General Counsel at CIGNA Corporation where his responsibilities included state government affairs health care compliance and international matters. He is a graduate of the University of Connecticut and the University of

Category: News

SPECIAL REPORT: State Comp System Still Big, Busy, Embattled

08/06/2012
still occupied the No. 1 spot which it hasn't inhabited since the 1960s. A review of data from the workers' compensation systems in California Florida Illinois and Texas and interviews with experts inside and beyond the Empire State show SWCB's 94 judges held 266046 hearings last year. SWCB

Category: News

Dems Concerned SIGs Will Drive Up Employer Rates

01/27/2014
purchasing coverage from private carriers as well as L&I. The bill was never called for a hearing in the House. Kendo also said the experience in other states where SIGs have failed makes him think groups are risky. Kendo cited as an example the failure of the Contractors Access Program in California

Category: News

Preferred Auto Dealers Self Insurance Program v. Anderson Enterprises Part 2/2

12/18/2020
; Judge of the Superior Court of California County of San Francisco assigned by the Chief Justice pursuant to article VI section 6 of the California Constitution. 1 We will refer to former members of PADSIP that are involved in this litigation as defendants when necessary to distinguish them from the

Category: Cases

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