A couple owning two landscaping businesses — one classified as a gardening service and the second a tree-trimming service — face felony charges from the Orange County District Attorney’s Office for allegedly cheating State Compensation Insurance Fund (SCIF) and state tax collectors out of more than $5.5 million. The couple — James Joseph Klinger and …
State Compensation Insurance Fund (SCIF) is going to court in an attempt to recoup some of the millions of dollars it lost when the value of its Lehman Brother bonds followed the investment bank into the tank. Alleging a scheme by company executives to defraud investors, and rampant negligence on the part of others associated …
State Compensation Insurance Fund is trying to sponsoring legislation that would allow it to provide workers’ comp coverage for its California insureds outside of California. In 2009, State Fund had $722,851,000 in net underwriting losses and a combined ratio of 161.5%, according to its 2009 annual report. The carrier has no experience adjusting losses outside …
After a final 24-hour marathon bargaining session, workers’ comp carrier State Compensation Insurance Fund (SCIF) came to terms on a deal with its primary union to provide some officially recognized flexibility to workers affected by its three-year relocation plan. The agreement with Service Employees International Union (SEIU) also clarifies benefits and obligations of workers affected …
California’s continuing budget problems aside, the First District Court of Appeal reaffirmed findings that the governor of California lacks the authority to furlough employees at State Compensation Insurance Fund (SCIF). The court declined the request of both sides to dismiss the case. The court had the opportunity to avoid the work of writing a formal …
Legislation that would prohibit workers’ comp carriers — State Fund in particular — from quoting a different price to an employer because the policy was sold through a broker is generating concerns from the industry and outright opposition from State Compensation Insurance Fund, sources in the Capitol say. AB 974, authored by Anthony Portantino (D-Pasadena), …
Outside collection agencies hired by State Compensation Insurance Fund (SCIF) are going under the microscope following revelations about a scandal involving one of its contracted collection agents. SCIF found that one of its former agents allegedly pocketed millions of dollars in past-due workers’ comp premium it had collected on behalf of, and never remitted to, …
The California Department of Insurance says it caught a San Mateo County employer allegedly cheating on her payroll reporting to avoid paying nearly $3 million in workers’ comp premiums. Redwood City police arrested 31-year-old Teresa Reif, who operated Genesis Building Services Inc., a janitorial and pest control company. Investigators allege that over a four-year period, …