The State Compensation Insurance Fund (SCIF) has decided to remove its requirement that policyholders renew in order to get a dividend. The State Fund Board of directors resolved unanimously in a special board this morning to amend its plan after its original plan’s legality was questioned. The Board’s resolution reads in pertinent part: the Board …
The State Compensation Insurance Fund (SCIF) plan to better control costs through control of prescribing of compound medications and opioids for injured workers inches closer to reality. But a significant number of providers still refuse to agree to SCIF’s demands, which raises concerns about potential access issues for injured workers’ whose employers are insured by …
A wannabe television star faces the reality that she will be a convicted felon rather than a member of the Real Housewives of Orange County TV show. Devon Lynn Kile will not be joining her husband in jail for her role in a $30 million workers’ comp premium fraud case, but she will spend the next …
Starting next month, independent auditors from KPMG say they are preparing to closely scrutinize organizational and operational changes that State Compensation Insurance Fund (SCIF) is implementing. They note that workers’ comp in general suffers from adverse development on the claims front, and they want to make sure that internal changes at State Fund do not …
The State Compensation Insurance Fund (SCIF) is turning up the heat in its battle to collect on a $50 million jury award in a fraud case against a staffing firm. While Select Staffing is appealing the civil case, SCIF expanded its legal attack and filed federal racketeering charges in Los Angeles. The carrier filed the …
It’s been a decade since the State Compensation Insurance Fund issued a dividend to its insured employers but that is about to change. The carrier is earmarking $50 million to distribute dividends to qualifying employers in the form of a premium credit for their workers’ comp policy. The credit will be applied to employers who …
The State Compensation Insurance Fund is moving to layoff up to one-third of its workforce to eliminate costs and lower its expense ratios, but workers are not taking the move laying down. Members crowded a meeting of the State Fund Board of Directors and also picketed outside its new high-rise headquarters. Watch the video for our coverage.
The Workers’ Compensation Insurance Rating Bureau (WCIRB) wants to eliminate the standard requiring a physical audit of high-wage employers’ actual payroll records. But members of the bureau’s Classification & Rating Committee say the plan is ill-conceived and threatens to undermine one of the more effective tools for fighting fraud that undermines the system. Currently, the …