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The California HealthCare Foundation (CHCF) released their 2011 California Employer Health Benefits Survey this month presenting employer-based coverage trends in California. The report reflects the continued challenge California employers encounter as they strive to offer comprehensive employee benefit programs while meeting budget targets.
2011 marked the second costliest catastrophic loss year in history with natural and man-made losses of approximately $110 Billion. Although California, and specifically social service agencies, were not directly affected by these disasters, it will have an impact on overall rates in 2012. If global underwriting losses remain high (combined ratios hit 108 percent in 2011) and reserves continue to be depleted, insurers may be forced to raise rates.
Read more...The Department of Labor recently sent out a press release announcing a National Emphasis Program (NEP) targeting Health Care Facilities including Residential Care Centers. This was following the 2010 Non-Fatal Injury Statistics report produced by the Bureau of Labor Statistics that showed a substantial increase in the rate of lost time injuries specifically amongst Residential Care Facilities.
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