Perhaps someone could help me understand rate regulation…
My understanding is this – About 60 percent of employers are now covered by the State Fund, another 20 percent are in JPA’s or some sort of self-funded pools, leaving us with 20 percent of employers/organizations not covered by State Fund or self-funded.
There are over 260 insurers licensed to write Comp in California. Out of that number, less than a dozen are doing actually writing coverage. (here’s where my confusion comes in) Based on these assumptions – Rate regulation would effect 20 percent of employers/organizations and we would be regulating a handful of Insurers. Is this good “Bang for the Buck” legislation?
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Perhaps someone could help me understand rate regulation…
My understanding is this – About 60 percent of employers are now covered by the State Fund, another 20 percent are in JPA’s or some sort of self-funded pools, leaving us with 20 percent of employers/organizations not covered by State Fund or self-funded.
There are over 260 insurers licensed to write Comp in California. Out of that number, less than a dozen are doing actually writing coverage. (here’s where my confusion comes in) Based on these assumptions – Rate regulation would effect 20 percent of employers/organizations and we would be regulating a handful of Insurers. Is this good “Bang for the Buck” legislation?
Thanks for any help that you folks can provide.
ES
Insurers give more to Politicians, then injured workers. Try exercising your concerns at the ballot box.
LG,
Thank you for your response. I’m curious how your comment pertains to my post, if at all.
Regards,
ES