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State Compensation Insurance Fund

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.
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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.
BUSINESS
November 6, 2003 | Karen Robinson-Jacobs and Marla Dickerson, Times Staff Writers
Branches of Checkmate Staffing Inc. reopened Wednesday, one day after law enforcement officers and investigators raided its 22 California offices during a probe into possible workers' compensation insurance fraud. The Orange-based company, which supplies temporary workers to such companies as Home Depot Inc. and J.C. Penney Co., fielded calls Wednesday from some worried customers.
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
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
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.
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.
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