Calif. approves alternative security program for self-insured workers comp employers

SACRAMENTO—A California state agency has approved a $6.17 billion alternative security program to guarantee the 2012 and 2013 workers compensation risk for participating self-insured California employers. The California Department of Industrial Relations on Monday approved the alternative security program, which provides collateral for eligible self-insured employers in lieu of each employer securing its own financing to meet California’s collateral requirements for self-insured workers comp liabilities. For more information please visit Workers-comp-claim.com