Fall of workers’ comp insurer could mean a supplement on business
California employer is increased by 1 per cent of their Workers’ Compensation policy at the beginning of next year, if a worker comp carrier is declared insolvent as planned.
This would allow for the first time in a decade, has imposed a surcharge Workers’ Compensation insurance in California. And it is very likely that this is not the last time.
The Association of Insurance Coverage California’s Board of Governors, last week the introduction of 1 per cent of the amount of cargo effective Jan. 1st
Only imposed when the California Department of Insurance said Superior National Insurance Group company insolvent and liquidated airlines, said Paul Otis, deputy executive director of the association supports.
The Department of Insurance said it is a court next week, the National Superior is insolvent. Unable to start the liquidation September 1, if the court approves.
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