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California Workers Compensation

New CEO at California State Fund

California’s State Compensation Insurance Fund has named Tom D. Clark as its chief operating officer. Clark, who assumes his new role on December 1, will replace Harrison D. Jerome, who retires at the end of the year. Clark, a 30-year veteran of the workers’ compensation insurance carrier, will oversee marketing, safety, and field operations, as well as purchasing inhis new role. He has extensive experience in claims, all aspects of customer service, regional management in Stockton and Sacramento, and marketing. He most recently served as State Fund’s president of field operations and has helped solidify business relations with insurance brokers… Read More »New CEO at California State Fund

Calif. Workers’ Comp Premiums Not Affected By Experience Rating Formula Changes

A recent report by the Workers Compensation Insurance Rating Bureau of California indicates that total statewide pure premium generated after application of 2010 workers’ compensation experience modifications has not been affected by changes in the experience rating formula that was implemented in late 2009. However, the analysis says “approximately 64 percent of experience-rated policyholders are receiving a lower experience modification than would otherwise be the case as a result.” On Nov.9, 2009, California Insurance Commissioner Steve Poizner issued a decision approving several changes to the experience rating formula including updated credibility values (“B” and “W” values) and a revised mechanism… Read More »Calif. Workers’ Comp Premiums Not Affected By Experience Rating Formula Changes