The California Department of Insurance is asking the workers’ comp community not to collect responses to two questions that are on the standard workers’ comp application – the Association for Cooperative Operations Research and Development (ACORD) form 130. The offending questions are numbers 10 and 13 asking if employees under the age of 16 or …
Against a backdrop where a majority of directors are eligible to be replaced at any time, the State Compensation Insurance Fund Board approved over $19 million in performance incentives for the workers and executives at the quasi-governmental agency. It could be its last major decision as a board. In the past, the board made decisions …
Additional premium from a backlog of audits is pushing up State Compensation Insurance Fund’s net earned premium through the first half of the year, but company officials say that the carrier is on track to do less business again this year. State Fund has been steadily losing market share in California’s competitive workers’ comp market …
A former insured of the State Compensation Insurance Fund is taking to the Ninth Circuit Court of Appeal its demand for SCIF to defend it in three civil lawsuits. State Fund prevailed in the lower court arguing that it has no duty to defend the company under Part 2 [aka coverage B] of its workers’ …
The State Compensation Insurance Fund is no longer California’s largest writer of workers’ compensation coverage in California. The Berkshire Hathaway Group (NYSE: BRK.A) replaced the quasi-governmental carrier as number one during 2017. It is believed that this is the first time in its history that State Fund is not the largest writer of workers’ comp …
“There is not sufficient evidence for the Court to award restitution,” say federal prosecutors in a declaration concerning many of the claims made by carriers about a workers’ comp fraud ring. The ring generated hundreds of millions of dollars in billings for spinal surgeries that were fueled by a widespread kickback scheme paying providers for …
The board of directors for the State Compensation Insurance Fund will, later this week, finally hear that the quasi-governmental workers’ comp carrier is starting to see its net earned premium increase after several years of decline. Through the first quarter of 2018, State Fund’s net earned premium is up 0.7%. Many of its business customers …