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?
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?
Jere why not just contact the governor and have him cut even more of the injured worker’s meger benefits?
Let me guess Joe, your an applicant’s attorney? Where do costs for employers in CA stack up against all 50 other states? Do you even care about that?