Carriers Wanted
By Robert Warne - November 6, 2003Would an infusion of private specialty carriers administered directly into the main artery of California’s work comp system bring stability to the marketplace?
It would, according to Nick Roxborough, an employers' rights lawyer with Roxborough, Pomerance & Nye.
Roxborough was one of the participants in a panel discussion Nov. 5, moderated by Tim East, Director of Risk Management for The Walt Disney Company at a three-day California Workers’ Comp Forum in Huntington Beach.
"Until we attract private specialty carriers back into the state, the workers' compensation system in California will continue to be in disarray and employers will continue to have little or no choice over their workers' compensation carriers," explained Roxborough.
He also said without new carriers State Fund would continue to be overburdened and its current challenges would be further frustrated.
If new carriers were attracted to the California market the playing field will level out.
But Roxborough said, “we need to relay premium-to-surplus ratios so that the California workers' compensation market will become more attractive to private equity fund managers looking to invest in a workers' compensation carrier in California."
More carriers coming into the state may be one of the solutions to cure a sick system, but the real bonus for adjusters and other claims professionals is that more carriers translates into more job options. | 
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