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S&P Report Warns on California Workers' Compensation

West News • August 16, 2004
Downward pricing pressures threaten to send the California workers' compensation market into another tailspin, according to a new report from Standard & Poor's Ratings Services. "The industry has ...

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Subject: SCIF S&P's Comments

Posted On: August 17, 2004, 3:14 pm CDT
Posted By: Jere Allan
Comment:
What S & P didn't say was that Paula Insurance Company rolled over all of it's large WC accounts to SCIF through its brokerage, Pan American Underwriters to save the business. Other Agents probably did the same thing all of which stretched the capacity of SCIF. The solution the the California WC situation is to adopt the Arizona system, but too many politicians and special interest groups will never let this happen. But here is an example. One of my insured is paying
$23.oo per $100 payroll in California when in Arizona he is paying $4.75 per $100 payroll for the exact same classification.
Now what do you suppose accounts for such a hugh difference?
Subject Posted By Posted On
RE: RE: SCIF S&P's Comments Will C
Sep 23, 2004, 3:39 pm
RE: SCIF S&P's Comments joe Mendivel
Sep 12, 2004, 9:26 pm
SCIF S&P's Comments Jere Allan
Aug 17, 2004, 3:14 pm
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