Insurers Want Financial Disclosure from SIGs in New Regulations

Insurers are pushing for mandatory public disclosure of self-insured groups’ financial information as the Office of Self Insurance Plans (SIP) moves one step closer this week to handing its massive new set of proposed self-insurance group (SIG) regulations over to the Office of Administrative Law for final review.A public hearing was held Monday to allow public comment on the proposed set of regulations. The Association of California Insurance Companies (ACIC) asked for the hearing to buy more time to study and comment on the regulations covering workers’ compensation self-insuranc...