According to Dave Jones, the California insurance commissioner, the top 100 companies in the state, which make up 96.7 percent of its market, have increased the rates that they have filed by an 2.8 percent average so far this year. The average increase will impact the majority of businesses that are legally required to purchase plans that pay for an injured employee’s medical expenses when the injury occurred while on the job, and that offers compensation for work related disabilities both temporary and permanent. The majority of the policies held…
Read MoreTag: State Compensation Insurance Fund
Largest workers’ compensation insurance company in California to lay off 1,800 by next June
The State Compensation Insurance Fund, a government-controlled insurer which is the largest workers’ compensation insurance company in California, has announced that one of its efforts to cut expenses and streamline its operations will be to lay off approximately one quarter of its total 6,800 employees. Chief executive of State Compensation Insurance Fund, Tom Rowe, said that as many as 1,800 civic service workers will be eliminated by the end of June 2012, as the company has been determined to be overstaffed by about 30 percent. This is the first time…
Read MoreDoctors criticize California worker’s compensation fund contract
Doctors and attorneys for injured employees have targeted the largest workers’ compensation fund carriers in California over a controversial change in the provider contract that has occurred within that state. State Compensation Insurance Fund is a nonprofit organization that provides the last resort worker’s compensation insurance. Its most recent revisions to its new contract for the medical provider network (MPN) has received significant criticism since its implementation. State Fund continues to stand by the alterations that it has made, claiming that patients will find an advantage in the changes, which…
Read MoreWorkers’ compensation takes a step backward in California
Worker’s compensation in the state of California has been handed another notable struggle after the Fifth District Court of Appeal (DCA) in that state chose not to review the decision of the Worker’s Compensation Appeals Board (WCAB) with regards to the June 16, 2011 case of State Compensation Insurance Fund (SCIF) v. WCAB. This appears to be a potentially detrimental blow to the efforts of the Schwarzenegger administration to bring some health back into the permanent disability system of workers’ compensation in California. Though it is possible for the SCIF…
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