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Report on Self Insurance Groups - page 16 / 40

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Report on Self Insurance Groups

Compensation Risk Managers (CRM) closed with estimated deficits amounting to $146 million.7 Thanks to a shorter history and better standards from the outset, California SIGs are in far better condition. Nevertheless, regulators may need to impose unpleasant consequences on any groups that are unable to meet the even higher standards recently adopted.

7 Kiehl, Ellen D., ―Solutions sought for workers’ compensation group trusts’ liabilities,‖ Professional Insurance Agents resource kit 31247, June 2008, http://www.pia.org/IRC/qs/qs_other/QS31247.pdf

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