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Resource ID: #23701
Subject: Insurance
Source: Providence Publications
Affiliation: 
Date: 11/21/2007; 11/29/2007; 12/13/2007

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Description

Analysis of the State Compensation Insurance Fund (SCIF) has led to new conclusions about the marketplace and control of rates in the California workers' comp. It was found that if one carrier held a major market share of any specific class, or classes, that by adjusting its loss reserves or thoise reserves it reported to the Bureua by sheer magnitude of data it could affect the rates up or down as it chose.

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