$337 Million Underwriting Loss, 137.7 Loss Ratio…

Flash Report: State Fund Bonuses $6.8 Million

By: Dale Debber
State Compensation Insurance Fund has increased by ten-fold its performance award program only this time including its  3,700 state employees. Of course, management get the biggest payoff. Do you think there is there a problem rewarding management for the kind of failure that sees a $337 M underwriting loss and 137.7 combined ratio?Read More...

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