CA-SIG
Updated 61 days ago
3620 American River Drive, Suite 230, Sacramento, CA 95864
In 1994, legislation in California was signed into law authorizing groups of private employers to form workers' compensation group self-insurance programs. Because of the implementation of open rating in 1995, rates declined to historic lows over the next few years. As a result, employers did not begin to take advantage of the money saving opportunities group self-insurance offered until 2002 when the first group workers' compensation program was approved. Since then, many more employers have discovered that self-insurance is a very cost effective means of taking control over their workers' compensation insurance responsibilities.