August 10, 2006 |
California's secretive government-run workers' compensation insurance company came under attack Wednesday for fighting a bill that would force it to open its books to state auditors. At issue is legislation by the chairwoman of the Senate Insurance Committee to allow the state auditor to review the administration of the State Compensation Insurance Fund and investigate its finances.
May 29, 2003 |
The infighting over the fast-deteriorating workers' compensation system in California took a new turn Wednesday when officials of the workers' comp insurer of last resort announced that they have sued the state Insurance Department to thwart a potential takeover.
August 6, 2003 |
California's state-owned workers' compensation insurer Tuesday lost a round in its legal battle with Insurance Commissioner John Garamendi. A Superior Court judge in San Francisco denied a preliminary injunction that would have muzzled the state's head insurance watchdog and required him to keep his hands off the troubled carrier.
CALIFORNIA | LOCAL
March 4, 2003 |
Workers' compensation premiums paid by more than 250,000 employers to the State Compensation Insurance Fund will increase July 1 for all new and renewed policies under a plan approved Monday by Insurance Commissioner John Garamendi. Garamendi said the size of the increase has not been determined, but the action is needed to restore financial health to the state-run fund, which sells more than half of all workers' compensation policies in California.
August 29, 2007 |
sacramento -- The troubled state-backed workers' compensation insurance company sent a status report to lawmakers Tuesday, stressing its "significant progress in getting the organization back on track." But the 10-page report from Jeanne Cain, chairwoman of the San Francisco-based State Compensation Insurance Fund, was silent when it came to detailing a criminal probe into what Department of Insurance officials say may involve more then $1 billion in misappropriated state funds.
July 23, 2003 |
An independent auditor on Tuesday declined to certify financial statements compiled by management of the California's state-run workers' compensation fund, saying the insurer needs to set aside an additional $1 billion to pay future claims. Auditor PricewaterhouseCoopers said the State Compensation Insurance Fund of California has the ability to meet its financial obligations to injured workers for at least the next year.
July 26, 2007 |
Two state law enforcement agencies and the San Francisco County district attorney's office announced Wednesday that they were forming a task force to investigate a state-run insurance company. The criminal investigation by the California Highway Patrol, the California Department of Insurance and the district attorney is focusing on allegations of potential misconduct by former top officials at the State Compensation Insurance Fund, commonly known as the State Fund.
CALIFORNIA | LOCAL
August 1, 1997 |
A San Fernando Valley restaurateur earned an appointment from Gov. Pete Wilson on Thursday to the State Compensation Insurance Fund's board of directors. Kevin T. McCarney, 42, has owned and operated Poquito Mas Mexican restaurants, based in North Hollywood, since 1984. He also is an SCIF policyholder, a requirement of all board members. "He represents the restaurant industry on the board, and they clearly have the greatest need and use for SCIF," said Matt Taggart, a Wilson spokesman.
December 28, 2004 |
California's state-backed workers' compensation insurer has won a $14.6-million default judgment against two now-defunct Rancho Cucamonga companies involved in an alleged premium-shaving fraud. The San Francisco-based State Compensation Insurance Fund accused Ideal Payroll Plus and Ideal Management, so-called professional employer organizations, of underreporting the pay of workers they leased to clients, mainly small companies in the San Bernardino area.