December 31, 2004 |
Insurance companies are tiptoeing into California's workers' compensation market, betting that the overhaul of the system for aiding victims of on-the-job injuries is creating profit opportunities. This year, about a dozen new companies have sought Department of Insurance approval to sell workers' comp coverage in the state. That's more than the number that applied in the previous two years combined. Most of the recent activity has involved relatively small players and modest investments.
December 28, 2004 |
California's state-backed workers' compensation insurer has won a $14.6-million default judgment against two now-defunct Rancho Cucamonga companies involved in an alleged premium-shaving fraud. The San Francisco-based State Compensation Insurance Fund accused Ideal Payroll Plus and Ideal Management, so-called professional employer organizations, of underreporting the pay of workers they leased to clients, mainly small companies in the San Bernardino area.
November 30, 2004 |
An influential government-backed insurer that sells workers' compensation insurance to thousands of California business owners proposed a 5% rate decrease Monday. The announcement by State Compensation Insurance Fund is significant because with 268,000 policyholders, State Fund has the ability to influence rates paid by all employers.
August 2, 2004
California employers dragged down by the spiraling cost of workers' compensation insurance were expecting some relief by now. Tough negotiations between the governor and Legislature last spring produced reforms aimed at pushing down costs without harming legitimate care for injured workers. The only debate afterward was how fast and how far rates would tumble.
CALIFORNIA | LOCAL
March 29, 2004 |
Statehouse negotiators, looking for a quick, relatively painless way to cut workers' compensation insurance premiums, have set their sights on a fat target: the government-run State Compensation Insurance Fund. Gov. Arnold Schwarzenegger and four top legislative leaders, known collectively as the Big Five, met Sunday evening in the latest effort to craft comprehensive reform of the troubled workers' comp system.
December 5, 2003 |
Checkmate Staffing Inc. agreed to pay more than $5 million in workers' compensation premiums to settle a suit filed by the State Compensation Insurance Fund, a source close to the case said. But the Orange-based temporary staffing firm remains the subject of a criminal investigation of possible workers' comp fraud. In early November, investigators from the state's Insurance Department and other agencies raided Checkmate's 22 offices in California, taking boxes of files and computer records.
November 6, 2003 |
Branches of Checkmate Staffing Inc. reopened Wednesday, one day after law enforcement officers and investigators raided its 22 California offices during a probe into possible workers' compensation insurance fraud. The Orange-based company, which supplies temporary workers to such companies as Home Depot Inc. and J.C. Penney Co., fielded calls Wednesday from some worried customers.
September 10, 2003 |
Lawmakers on Tuesday agreed on a set of reforms for California's troubled workers' compensation system, whose spiraling costs have pounded employers, wrecked insurers and become an issue in the recall campaign. Beating a midnight deadline, a committee of negotiators from both parties pushed through a measure widely expected to be approved by the Assembly and Senate this week, before they adjourn for the year, and signed into law by Gov. Gray Davis.
CALIFORNIA | LOCAL
March 31, 1999 |
A North Hills woman was arrested Tuesday on suspicion of illegally receiving more than $6,400 in worker's compensation funds, according to state Department of Insurance officials. Annette Texon, 34, surrendered at the Criminal Courts Building in downtown Los Angeles and was booked into Los Angeles County Jail on suspicion of providing a false material statement and perjury--both felonies, said Dana Spurrier, a spokeswoman for state Insurance Commissioner Chuck Quackenbush.