The State Compensation Insurance Fund (SCIF) is claiming Pacific Hospital of Long Beach and other entities affiliated with it have been running scams for years to illegally boost payments for medical services provided to injured workers. The quasi-governmental carrier is now seeking to recoup some of the $160 million is has paid to the entities …
Orange county prosecutors allege the owners of several area moving companies cheated State Compensation Insurance Fund (SCIF) out of $875,000 in workers’ comp premiums by underreporting their payroll while avoiding another $1 million in payroll taxes. The charges filed against Rand Gordon and Michelle Gordon stem from claims that they failed to report $2.3 million …
The State Compensation Insurance Fund (SCIF), California’s largest workers’ comp carrier, wasted millions of policyholder dollars last year after a restructuring and downsizing effort left it short staffed in critical areas such as claims administration. That short staffing leaves it unable to pay hundreds of thousands of bills on time which lead to penalties for …
California’s workers’ comp market returned to its pre-recession levels in 2012 as mostly higher pure premium rates and some expanding payrolls boosted direct written premiums to $9 billion – a level not seen in California since 2007. The latest market share report by the California Department of Insurance also shows that the gap between the …
State Compensation Insurance Fund (SCIF) is California’s largest workers’ comp carrier. However, its market share has been trending ever downwards and it is at its lowest total in well over a decade (see related story). That trend may be on the verge of ending, however, as company leaders are touting a growth trend that they …
The California Department of Insurance (CDI) is floating a set of draft regulations that would update and clarify the rules governing the payment of dividends on workers’ comp policies. All California carriers’ – including the State Compensation Insurance Fund (SCIF) are affected. The major proposed change would clearly spell out to employers that what SCIF attempted …
State Compensation Insurance Fund’s (SCIF) board of directors will have a pair of new faces when it gathers again later this spring for its quarterly public meeting. Gov. Jerry Brown announced the appointment of safety and health researcher Robin Baker and union business manager Marvin Kropke to the 11-member panel. The appointments bring the board …
Let me preface this article with the following – I’m a red-blooded, free market capitalist. I’m a principal in a medium sized brokerage firm. Like many of you, I believe a …