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State Compensation Insurance Fund

BUSINESS
December 28, 2004 | Marc Lifsher, Times Staff Writer
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.
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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
November 29, 2005 | Marc Lifsher, Times Staff Writer
The largest provider of workers' compensation insurance in California plans to cut its premiums by 16% in January -- the latest sign that the state's overhaul of its system for treating injured workers is providing significant savings to employers. The proposed rate cut by the State Compensation Insurance Fund, the government-backed insurer that accounts for more than half the California workers' comp market, was revealed in a filing Monday with the state Department of Insurance.
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.
CALIFORNIA | LOCAL
July 23, 1998 | TRACY WILSON, TIMES STAFF WRITER
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.
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
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.
OPINION
August 2, 2004
California employers dragged down by the spiraling cost of workers' compensation insurance were expecting some relief by now. Tough negotiations between the governor and Legislature last spring produced reforms aimed at pushing down costs without harming legitimate care for injured workers. The only debate afterward was how fast and how far rates would tumble.
BUSINESS
November 12, 1993 | STUART SILVERSTEIN, TIMES STAFF WRITER
State officials, fresh from extracting a record refund from California's leading workers' compensation insurer, said Thursday that they are investigating other possible cases of overcharging in the industry. Insurance Commissioner John Garamendi said about 10 other workers' compensation insurers in California are being probed for overcharging practices similar to those attributed to the State Compensation Insurance Fund, also known as SCIF.
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