The State Compensation Insurance Fund is getting its wish. A court will hear its contention that its tiered rating system algorithm was appropriately filed with the California Department of Insurance. State Fund convinced the court to reject requests by the CDI and an employer to deny State Fund’s petition– but just barely. The case affects …
Attorneys for the State Compensation Insurance Fund will be back in court this week for a second attempt at overturning a decision by former Insurance Commissioner Dave Jones that undermines State Fund’s tiered rating system. SCIF thought its settlement with CDI put the dispute to an end but has since found itself on the losing …
California State Auditor Elaine Howle says some state agencies that opted to purchase workers’ compensation coverage from the State Compensation Insurance Fund rather than participate in the state’s master agreement with the quasi-governmental carrier ended up paying far more than they should. The audit looked at 10 of the 32 state agencies that opted to …
The State Compensation Insurance Fund is feeling the impact of California’s competitive workers’ comp market. Its net premium is dropping, and its combined ratio is rising so far in 2019. The carrier’s board of directors will hear later this week that net premiums earned so far in the year are down 12.5%, which equates to …
“We wanted to be a pioneer. We wanted to do something to help our employers change their behavior towards workplace safety,” says Lauren Mayfield, senior vice president of Safety & Health and Loss Prevention at State Fund. “It’s not just about loss prevention going out there – it’s about incentivizing behavior.” And it worked. State …
The employer at the center of a dispute between State Compensation Insurance Fund and Insurance Commissioner Ricardo Lara over State Fund’s tiered rating system is asking a court of appeal to bar SCIF’s petition for writ of mandate. The employer, A-Brite Blind & Drapery Cleaning, maintains that State Fund filed its writ three-months too late. …
A federal judge in the Michael Drobot spinal surgery kickback case is refusing to order any of the seven defendants to pay restitution. The Judge says the workers’ comp carriers and the federal government failed to follow her directions for calculating and proving the amount of restitution potentially owed. It was AIG, State Compensation Insurance …
The State Compensation Insurance Fund’s board of directors is authorizing a mid-year 15% dividend for 2019 workers’ comp policies that incepted or renewed between Jan. 1 and August 19, 2019. The dividend equates to a $105 million giveback overall or an average of $1,400 per insured. State Fund officials say the board will consider dividends …