DoI Moves to Protect Carrier Solvency

From WorkComp Executive 12/22/99:The California Department of Insurance is moving to protest the solvency of carriers by negotiating and working with certain carriers, according to Tim Taylor, deputy insurance commissioner. The department has required some carriers to take the full 18.4% rate hike which had been recommended by the WCIRB earlier this year and to slash merit rating debits and credits to plus or minus 25%. SCIF's rate filing was approved as filed. It is actively quoting and writing January business. App counts and orders are up. It is the specialty carriers that have been affe...