Self-Insured Groups Dispute State Ratings

By Greg Griggs, EditorFor years California self-insured groups have been saying they are nothing like New York because of the Golden State's stricter solvency rules, but a report issued by the Department of Industrial Relations paints a very New York-like picture of the industry: 14 out of 29 self-insured groups are not 100% funded, including three self-insured groups (SIGs) whose certificates have already been revoked by the Office of Self-Insurance Plans. The Department of Industrial Relations (DIR), which oversees the Office of Self-Insurance Plans, posted a list of the status of all se...