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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 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.
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.
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
October 20, 2008 | Marc Lifsher, Times Staff Writer
Next month, a little-known state agency that doubles as a $20-billion insurance company will hold its first public board of directors meeting in 94 years. After years of secrecy, questionable behavior by board members and more recently scandal at the agency, the Legislature and Gov. Arnold Schwarzenegger ordered sweeping changes now underway.
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.
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