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.
October 16, 1995 |
The cost of caring for employees hurt on the job in California--a politically charged issue that led to major workers' compensation reforms in 1993--has begun to rise significantly again after declining dramatically for two years, state officials reported. The California Department of Insurance released an analysis projecting that costs for workers' compensation coverage will be up 11.3% for all of 1995.
August 16, 2007 |
The State Compensation Insurance Fund, the scandal-plagued state-run insurance company under investigation for allegations of potential misconduct by former top executives, picked an industry veteran Wednesday as its new president. Commonly known as the State Fund, the insurer is based in San Francisco and provides workers' compensation coverage to about 220,000 California employers.
CALIFORNIA | LOCAL
March 20, 2003 |
The biggest insurer for workplace injuries in California is on the verge of closing its doors to new business, making it highly likely that employers will pay more for coverage whose cost has already soared in recent years, the Assembly Insurance Committee was told Wednesday. The State Compensation Insurance Fund, a state-run nonprofit that insures half of the businesses in California for workers hurt on the job, must stop writing new policies soon, said its president, Dianne Oki.
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.
June 24, 2003 |
The state's workers' compensation carrier of last resort has fended off a $2-billion class- action lawsuit brought by California employers that claimed the insurer had systematically overcharged them. The ruling was a victory for the troubled State Compensation Insurance Fund, which faced paying damages at a time when its financial condition has been weakened by turmoil in California's workers' compensation industry. Plaintiffs in the 7-year-old suit, led by Los Angeles-based A&J Liquor Co.
June 6, 2007 |
The state's investigation into alleged corruption at the government-run State Compensation Insurance Fund may be widening. On Tuesday, the California Highway Patrol confirmed that its investigators have been asked to join the inquiry into possible misuse of public funds at the $6-billion-a-year workers' compensation insurance company. The investigation comes at the request of fund Chairwoman Jeanne Cain, CHP spokesman Tom Marshall said.
August 19, 1995 |
A Los Angeles jury hit California's largest workers compensation insurer with a $20-million punitive verdict Friday, finding that the State Compensation Insurance Fund in effect systematically overcharged on premiums. The verdict is one of the largest such penalties in California and believed to be the first of its kind in a workers comp case here.