Flash Report: Did SCIF Overpay In Land Deal

An investigation conducted by Workers' Comp Executive has found that California's State Compensation Insurance Fund's zeal to build its new regional office in Redding came at a big price. The quasi-governmental California workers' compensation insurance company paid about $5 million for an 11-acre plot of land that had been purchased a year earlier by the seller for $1.4 million and was valued by the county assessor at the time of the sale at $2.9 million. You can get the whole story by clicking here .....Read More...