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State Fund

CA Work Comp Carriers Change Rates

Several California admitted insurance companies are going to file new rates with the California Department of Insurance for workers’ compensation policies effective in July 2020. To see a comparison of averages rates and to learn more about how these changes affect premium, go to www.paperless-insurance.com and click on “Get a Quote Now”. As you are shopping for the renewal, it is important to keep in mind that not all rates change uniformly. Rates for some policyholders will go up and some will go down. Knowing how much your renewal rates are changing could be valuable information to have as you… Read More »CA Work Comp Carriers Change Rates

Workers Compensation Statute of Limitations Explained

A workers compensation statute of limitations is a regulation in a common law legal system that sets the maximum time after an event that legal proceedings based on that event may be initiated. For example, such legal proceedings may involve claim subrogation or premium collection. California’s statute of limitations for collecting unpaid insurance premiums begins once an insurer has sent its final audit bill to the policyholder, and continues for 3 years. In a unanimous opinion, the court said the California State Compensation Insurance Fund could collect on $1 million in workers compensation premiums owed by building contractor, even though… Read More »Workers Compensation Statute of Limitations Explained

Lights Out – State Fund is Coming

alifornia State Compensation Insurance Fund is pursuing legislation to allow it to offer coverage to California employers who have out of state employees. Currently, California-based businesses insured with State fund must obtain a separate workers’ compensation policy to cover employees who work out of state. State Fund hopes to amend the California insurance code to allow it to offer workers’ comp insurance that will cover a California employer’s out of state employees, instead of having to work with two or more insurance companies. “In speaking with brokers across the state, we have clearly heard that this would benefit them by… Read More »Lights Out – State Fund is Coming