Governor Arnold Schwarzenegger announced the appointments of Jeanne Cain, Kent Dagg and Vincent Mudd to the State Compensation Insurance Fund Board. Cain was also named chairwoman by the governor. “Reinvigorating the State Compensation Insurance Fund Board is the next step …
Avoiding the Trap of Failed Promises After four months of debate and intense pressure from the business community, the California Legislature and Governor Arnold Schwarzenegger approved a comprehensive workers’ compensation reform bill designed to reduce system costs. SB 899, authored …
Following up on their successful plea for workers’ compensation rate reductions, Western Growers’ leadership again called on remaining insurance companies to decrease their rates. In April, the fresh produce trade association called for immediate relief for California businesses in an …
This issue marks another new venture for Insurance Journal magazine. For the first time ever, we have compiled a list of the nation’s top 100 independent property/casualty brokerages ranked by premium volume. This list is the first of its kind …
Governor Arnold Schwarzenegger signed a bill on April 19 designed to overhaul California’s costly workers’ compensation system and save employers billions of dollars. The compromise legislation will limit injured workers’ ability to choose their own doctor and will emphasize medical …
The American Insurance Association (AIA) welcomed the April 26 appointment of Andrea Hoch as director of the California Division of Workers’ Compensation (DWC). Gov. Arnold Schwarzenegger (R) announced his appointment today. “AIA and its member companies congratulate Ms. Hoch on …
California Insurance Commissioner John Garamendi released the following statement in regards to the recent agreement by Gov. Arnold Schwarzenegger and the Legislature for a workers’ compensation reform package: “Today’s agreement on comprehensive workers’ compensation reform legislation is good news for …
The California state Assembly overwhelmingly passed a workers’ compensation reform measure to repair the state’s troubled workers’ comp system by a 77-03 vote, while the State Senate passed the measure by a 33-03 vote, according to Reuters. The vote marks …
Gov. Arnold Schwarzenegger blamed attorneys for the “two or three sticking points” that loom over negotiations on a workers’ compensation insurance reform bill. “Every time we get language, the trial lawyers, the applicant attorneys, come up and change it around …
The California State Compensation Insurance Fund (SCIF) could be heading toward insolvency, according to a new report from Standard & Poor’s Ratings Services. Recent legislative initiatives in the state threaten not only to hasten SCIF’s demise, the report contends, but …
