State Fund’s 2008 Annual Report
Dear Valued Association Partner
I am very pleased to provide this link to State Fund’s newly published 2008 annual report. Read more
Archive for month: April, 2009
Governor Schwarzenegger Applauds Decision to Reject Workers’ Compensation Rate Increase
Governor Arnold Schwarzenegger today applauded Insurance Commissioner Steve Poizner’s decision to reject the Workers’ Compensation Insurance Rating Bureau’s request for a pure premium rate increase that would have had an overwhelmingly negative impact on businesses, employees and California’s economy.
Poizner Says NO! To Rate Increase Today
Citing decreasing workers’ comp costs from self insured’s’ and many opportunities for California workers ‘ comp carriers to implement cost containment measures, California Insurance Commissioner Steve Poizner today announced that he is just saying no to increasing the pure premium rates. That’s right: A ZERO INCREASE IN THE PURE PREMIUM RATE. Read more
2009 Workers’ Comp Rate Increase Disaster
On Thursday, June 4, CDTOA received a detailed email letter from State Compensation Insurance Fund or SCIF (below) informing us that our workers’ compensation insurance base rates here in the Golden State weren’t just going up 15% as the earlier SCIF news bulletins deceptively announced. This new letter indicated that the base rate increases for all class codes are going up an average of 15% and that our particular group “base rates were increasing by 25 percent or more”. Read more
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