California Release Notes
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California Release NotesWork Comp Rater Release NotesWe update all of our editions each month and more often than not, we update them multiple times in a single month. To get the most recent updates, contact M & R Information Services. Check out our archived Release Notes to see how they will keep you in the KNOW about the workers' comp market. CA 2009 January - June Release Notes CA 2008 January - June Release Notes CA 2008 July - December Release Notes CA 2007 January - June Release Notes CA 2007 July - December Release Notes CA E!Z Rater Welcome Notes 2006 Highlights of Recent CA Work Comp Insurance UpdatesNew Filings Effective 10-1-2010 · 2 Berkshire Hathaway Cos. - Cypress & Oak River. · Zenith & ZNAT New Filings Effective 9-1-2010 · Seabright Ins. Co. · Travelers: United States Fidelity & Guaranty Ins. Co., Fidelity & Guaranty Ins. Co., Discover Property & Casualty Ins. Co., Fidelity & Guaranty Ins. Underwriters. Effective 8-1-2010 · CompWest introduces new safety program for selected sectors. Effective 8-1-2010 · ACE USA filed new rates for Ace Fire Underwriters. · The Hanover Insurance Co. lowered its Expense Constant, changed its minimum premium, and dropped its charge for $1 million/$1 million/$1 million Increased Limits of Liability coverage. · Nova Casualty filed new rates. · Travelers reintroduced rates for 5 carriers eliminated when it introduced the 21 tier scheme for Travelers Property Casualty Co. of America: - Travelers Indemnity Co. of CT - Travelers Casualty Insurance Co. of America - Travelers Casualty Co. of CT - Farmington Casualty Co. - Standard Fire Insurance Co. Cypress Insurance Co. (of Berkshire Hathaway Group) filed lowered rates effective 7-1-2010 for 4 Special Codes available to members of the CA Assn. of Independent Schools Safety Group: - 8868CIS (College (Professional Employees)) - 9101CIS (College (All Other Employees)) - 8742CIS (Salespersons (Outside)) - 8810CIS (Clerical Office Employees NOC) Zenith Ins. Co. and ZNAT Ins. Co. filed new rates for class codes 0035 and 8631 to take effect 7-1-2010. The following rate filings take effect 7-1-2010 and were developed using the “Approved” 1-1-2010 Pure Premium rates as the benchmark with the exception of Everest National: · ACE USA for its “ARM” Unit; · Berkshire-Hathaway filed for Cypress and Oak River; · CompWest Ins. Co. filed a “CMTA Safety Premium Credit” - · Everest National and is continuing to deviate on 20 classes. Please Note: Everest used the 1-1-2009 Pure Premium rates as their benchmark in developing these rates; · The Farmers Group filed new rates for 9 classes: 800, 8006, 8008, 8017, 8078, 8803, 8834, 9092 and 9586. They also expanded eligibility for Farmers’ Account Completion Credit to all industries. Finally, they decreased the Contractors Group Credit; · Majestic Ins. Co. · Preferred Employers reduced the rates for Classes 8078 and 8389 and increased the maximum on their Schedule Rating plan. · QBE/General Casualty filed new rates for General Casualty Ins. Co. of Wisconsin and Regent Ins. Co. ; · Tower Ins. Co. of New York (dba “Tower Select”) and Preserver Ins. Co. filed a new Territorial Rating scheme; and · State Compensation Insurance Fund. The following rate filing takes effect 6-15-2010 and was developed using the “Approved” 1-1-2010 Pure Premium rates as the benchmark: · Argonaut Ins. Co. and Argonaut-Midwest Ins. Co. The rates for these two carriers are identical except for Classes 2585, 2586 and 2589 (Laundry and Dry Cleaning Market codes) Name Change: Effective 4/12, Employers Direct became Pacific Compensation Ins. Co. and will also be known as PacificComp. The following rate filing takes effect 6-15-2010 and was developed using the “Approved” 1-1-2010 Pure Premium rates as the benchmark: · Companion Property and Casualty Ins. Co. The following rate filings take effect 6-1-2010: · CompWest filed a lower rate for Class Code 8400 and also filed a “Safety Program Credit” for “Nut Hullers & Processors” · AmGUARD, EastGUARD and NorGUARD removed their deviation for Class Code 8389. New Carrier Added: Benchmark Ins. Co. has been returned to E!Z Work Comp Rater due to a huge surge in written premium in 2009). The following carriers have filed new rates for 6-01-2010: · Amerisure Mutual; and · Southern Ins. Co. PLUS New Carrier is added to E!Z Work Comp Rater: Sentinel Insurance Co. Ltd (part of Hartford group). The following carriers have filed rates that take effect 5-15-2010: · The Meadowbrook Group lowered rates for selective class codes for Star and Willilamsburg. The following rate filings take effect 5-1-2010 and were developed using the “Approved” 1-1-2010 Pure Premium rates as the benchmark: · The Hanover Group filed new rates for The Hanover Ins. Co. They also filed rates for the first time for four additional carriers. The other three “new” Hanover companies are Allmerica Financial Benefit Ins. Co., Citizens Ins. Co. of America and Massachusetts Bay Ins. Co. If you subscribe to E!Z Work Comp Rater and wish to have the rates for any of these three carriers added to E!Z Work Comp Rater, please let us know; · Harco National; and · The PMA Group of companies . Also: Southern Ins. Co. has filed new rates to take effect June 1. For complete details on these and other rate and rating file changes, contact M & R Information Services. |