After years of losing employers accounts in California’s competitive workers’ comp market, the state’s largest workers’ comp carrier is seeing first signs that it is adding more accounts than it is losing. State Fund President Tom Rowe delivered the message to the carrier’s board of directors and says the trend is continuing into the New …
State Compensation Insurance Fund (SCIF) management is increasing by ten-fold its controversial executive bonus program. The quasi-governmental workers’ comp carrier is instituting a bonus program that is open to all rank-and-file employees as well as managers, supervisors and special executive appointees. Only handful of the thousands of employees are civil service exempt meaning it is …
2012 Workers’ Comp Reforms Set The Stage For The New Year Workers’ comp reform was the dominant headline in California during the second half of 2012 and will continue to be a major story in 2013. But the once every decade or so overhaul of California’s workers’ comp system — this time in the form …
The third time was the charm for the State Compensation Insurance Fund (SCIF) to get the go ahead to launch a major overhaul of the way it underwrites workers’ comp risks. The California Department of Insurance (CDI) approved a plan that will allow SCIF to introduce tiered and territorial rating factors that have the potential …
A temporary nurse staffing firm owes State Compensation Insurance Fund, (SCIF), more than $500,000 in unpaid workers’ comp premiums due to its unusual per diem policies, according to a California Appeals Court. The court backed an administrative ruling by former Insurance Commissioner Steve Poizner that the company’s large per diem payments to its nurses should …
The State Compensation Insurance Fund (SCIF) board of directors this morning authorized the quasi-governmental carrier to revise the tiered rating plan it has on file with the California Department of Insurance to make a 7% rate cut for 2013 policies. Officials say it’s expected that this rate cut will take effect late in the first …
The Los Angeles County District Attorney’s Office won a workers’ comp premium fraud and payroll tax evasion case involving a San Francisco based cleaning firm, WWC Window Cleaning. The prosecutors secured a plea of no contest to three felony counts and a restitution agreement for $321,350, half of which State Compensation Insurance Fund (SCIF) will receive. …
Moving to implement changes to its broker distribution program, State Compensation Insurance Fund (SCIF) says that 3,300 to 3,500 brokers will soon have to go through an intermediary if they want to place a client with State Fund or renew a client’s existing policy. State Fund is eliminating direct access for brokers with books that did …