SELECTED INDICATORS IN WORKERS’ COMPENSATION: A REPORT CARD FOR CALIFORNIANS
Insurance Market Insolvency
Since 2000, a significant number of workers’ compensation insurance companies have experienced problems with payment of workers’ compensation claims. Thirty-three insurance companies have gone under liquidation and 11 companies have withdrawn from offering workers’ compensation insurance during that time. However, since 2004, 12 insurance/reinsurance companies have entered the California workers’ compensation market, while only two companies withdrew from the market and two companies were liquidated.