In this episode of the Self Insurance Podcast by CRMBC, host Kaya interviews Scott Gaffner, CRMBC's Chief Underwriting Officer, about the intricacies of workers' compensation self-insurance in California. With over 30 years of experience, Scott examines the advantages of self-insured groups, the importance of underwriting, and the common misconceptions about self-insurance. He explains how self-insured groups offer lower costs and superior risk management compared to traditional insurance markets. Scott also sheds light on how self-insured groups are resilient to market fluctuations and provides insights into aligning members within these groups for maximum benefit. Join us for a comprehensive discussion on why self-insurance can be a strategic choice for large entities.00:00 Introduction to the Self-Insurance Podcast00:22 Meet Scott Gaffner, Chief Underwriting Officer00:37 Scott's Journey into Self-Insurance02:54 The Importance of Underwriting in Self-Insurance04:53 Addressing the Risks and Benefits of Self-Insurance09:15 Understanding Experience Modification (XMOD)14:32 Flexibility in Underwriting for Self-Insured Groups17:06 Navigating Market Conditions in Self-Insurance18:17 Conclusion and Final ThoughtsPlease visit CRMBC for our latest news.Follow us on LinkedIn for content highlights.See the latest videos on YouTube to see us in action. And connect with CEO Kaya Stanley on LinkedIn.

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