Risk managers strive to teach actuaries about workers comp claims management

By | 2013-11-02T01:19:11+00:00 October 24th, 2013|Blog, Workers Comp|

DANA POINT, Calif. — Risk managers can influence the actuarial reports that affect their company's bottom line by educating their actuaries and implementing favorable claims management practices, risk managers said. Kurt E. Leisure, vice president of risk services/assets protection for The Cheesecake Factory Inc., said his actuarial report, shared with the company's chief financial officer, [...]

CA Const. Firm Owner, Family Sentenced for WC Fraud

By | 2013-11-02T01:31:07+00:00 October 23rd, 2013|Blog, Workers Comp|

The owner of a Northern California construction company and his family members in were convicted of committing workers’ compensation insurance premium fraud. Jeffrey Thranow, 59, owner of Costa Bella Builders was convicted of committing workers’ compensation insurance premium fraud for his part in failing to report employees to his insurance carrier or to the Employment [...]

Calif. limits workers comp claims by out-of-state professional athletes

By | 2013-11-02T00:43:11+00:00 October 23rd, 2013|Blog, Workers Comp|

California Gov. Jerry Brown has signed a bill into law that will limit workers compensation claims in California filed by out-of-state professional athletes. A.B. 1309, signed by Gov. Brown on Tuesday, was passed 66-3 by the California Assembly and 34-2 by the state Senate early last month, according to the California Legislature website. The law [...]

California rating bureau may recommend 8.6% workers comp rate increase

By | 2017-06-05T03:15:37+00:00 October 23rd, 2013|Blog, Workers Comp|

California's Workers' Compensation Insurance Rating Bureau is expected to propose an 8.6% pure premium rate increase effective Jan. 1, 2014, subject to the approval of its governing committee, which meets on Wednesday. Last month, the San Francisco-based rating bureau announced it was proposing that the California Department of Insurance raise the rates about 6.8% over [...]