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State Compensation Insurance Fund

CALIFORNIA | LOCAL
July 23, 1998 | TRACY WILSON
A 39-year-old man has pleaded guilty to charges of workers' compensation insurance fraud and perjury in connection with an alleged conspiracy between his employer and an Encino-based chiropractor. Wilbur D. Mace of Northridge changed his plea from not guilty to guilty Tuesday. He faces up to five years in state prison and is scheduled to be sentenced Sept. 14 in Ventura County Superior Court.
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BUSINESS
December 5, 2003 | Karen Robinson-Jacobs, Times Staff Writer
Checkmate Staffing Inc. agreed to pay more than $5 million in workers' compensation premiums to settle a suit filed by the State Compensation Insurance Fund, a source close to the case said. But the Orange-based temporary staffing firm remains the subject of a criminal investigation of possible workers' comp fraud. In early November, investigators from the state's Insurance Department and other agencies raided Checkmate's 22 offices in California, taking boxes of files and computer records.
BUSINESS
August 29, 2007 | Marc Lifsher, Times Staff Writer
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.
BUSINESS
September 17, 2005 | Marc Lifsher, Times Staff Writer
California insurers are earning excessive profits on workers' compensation policies and should be sharing the benefits of two years' worth of state-mandated cost cutting with employers, state Insurance Commissioner John Garamendi said Friday. "There's been virtually a complete collapse in the cost of workers' compensation claims," Garamendi said after holding a rate hearing in San Francisco.
BUSINESS
October 16, 1995 | STUART SILVERSTEIN, TIMES STAFF WRITER
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.
BUSINESS
December 18, 2010 | By Marc Lifsher, Los Angeles Times
Nearly four years ago, state authorities forced out top-level officials at the government-run workers' compensation insurance firm, revamped the operation and launched a criminal investigation into reports of conflicts of interest, self-dealing and misuse of as much as $1billion. Today, that probe involving the State Compensation Insurance Fund continues in silence as prosecutors face possible statutes of limitations that would bar some criminal charges and civil lawsuits. The last publicly known activity occurred 18 months ago, when a search warrant was issued on a former board member in Redding, about 150 miles north of Sacramento.
BUSINESS
November 16, 2006 | Marc Lifsher, Times Staff Writer
Two directors of the State Compensation Insurance Fund have resigned amid concerns about possible conflicts of interest, the board chairwoman said Wednesday. The resignations followed questions about whether the men should be fund directors at the same time that their insurance firms were collecting millions of dollars in fees from the fund. "The potential of a conflict of interest is a problem," said Chairwoman Jeanne Cain, a top official at the California Chamber of Commerce.
BUSINESS
June 6, 2007 | Marc Lifsher, Times Staff Writer
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.
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