EXCLUSIVE: Sale of State Fund Under Real Consideration
Workers' Comp Executive has confirmed that proposals are circulating to sell the State Compensation Insurance Fund both because of the storm clouds of scandal covering State Fund and because there is a budget crisis of epic proportion. Both sides of the aisle are seeing billions and billions ... 
April 23, 2008 

Appeals Court Finds State Fund Must Treat Business Fairly

Advisory On SCIF Audit
... Advisory On SCIF Audit Advisory On SCIF Audit So many readers have communicated with us asking if or where our coverage of the Commissioner's Audit of SCIF was or what we would be doing that we feel ...Dec 13, 2007

Pure Premium Decision Reveals Doubts About SCIF Expenses
... Pure Premium Decision Reveals Doubts About SCIF Expenses SCIF LAE Appears to Increase Costs for All Employers Pure Premium Decision Reveals Doubts About SCIF Expenses Workers' comp carriers in California still have plenty of ...system is working in practice. And then there is the SCIF issue. Its costs are higher than the industry average. But ...
Dec 13, 2007

Former Director Delre Lures Business From State Fund
Former Director Delre Lures Business From State Fund Safety Groups Directly Solicit Business Former Director DelRe Lures Business From State Fund Western Insurance Administrators (WIA), which ...an interesting backdrop, that of former State Fund director Frank DelRe,who also owns Western Insurance Administrators. DelRe was ousted by the Governor's Office as a State Fund ...
Nov 21, 2007

Does State Fund Control Contractor Pure Premium?
Does State Fund Control Contractor Pure Premium? Analysis, Opinion and Questions by Dale Debber Does State Fund Control Contractor Pure Premium? Preliminary results from a statistical study conducted by ...not take into consideration size criteria, payrolls or other important contractor attributes. The next iteration will include many of these criteria. ...
Nov 21, 2007

Major Associations Leaving State Fund
Major Associations Leaving State Fund Soft Market Offers Many Options to Scandal-Plagued Carrier Major Associations Leaving State Fund State Compensation Insurance Fund (State Fund) might have shown Western Insurance Administrators and its several groups ...but chief among them are the scandals and investigations surrounding State Fund as well as softer pricing from other carriers. It is curious, says one industry observer, that State Fund has ceased doing business with former director Frank Del Re's ...
Oct 25, 2007

Did State Fund "Overpay" In Redding Land Deal?
Did State Fund "Overpay" In Redding Land Deal? Board Chairwoman Jeanne Cain Approved the Deal Did State Fund "Overpay" In Redding Land Deal? An investigation conducted by Workers' Comp Executive has ...Insurance Fund's zeal to build its new regional office in Redding came at a big price. The quasi-governmental California workers' ...
Oct 11, 2007

Department Of Insurance Delays Publication Of Financial Statement
Exactly what those concerns were is unknown at this time. "SCIF did request an extension from us for its CPA audit ...because the auditors felt uncomfortable providing an opinion pending the SCIF investigation," says CDI spokeswoman Jennifer Kerns. "SCIF did request an extension from us for its CPA Audit ...
Oct 11, 2007

Welcome To The Jungle
On the eve of her taking the helm of State Compensation Insurance Fund, our best wishes go to Janet Frank, former CNA executive tapped by the State Fund board earlier this year to be president....
Sep 26, 2007

State Fund Drops Its Largest Safety Group
... State Fund Drops Its Largest Safety Group State Fund Drops Its Largest Safety Group California's State Compensation Insurance Fund has cut off Western Insurance Administrators, its largest safety group administrator with some 25,000 employers as clients. The move is ...size, but also because who runs it: Frank DelRe, former State Fund board member. DelRe, who at one time worked for State Fund before forming a safety group, was forced to resign from the board last fall along with Kent Dagg, who runs Golden State Builders Exchanges and Shasta Builders Exchange. They were ushered out ...
Sep 21, 2007

Status Report Released By State Fund
... Status Report Released By State Fund Status Report Released By State Fund State Compensation Insurance Fund has "achieved significant progress in getting the organization back on ...was sent today to Senator Mike Machado and accompanies a status report on the Fund's internal operations. The report does not detail any of the findings of the organization's ...
Aug 28, 2007

State Fund In For Three-Pronged Probe
...of the insurer. The task force includes investigators from the California Department of Insurance, the California Highway Patrol and the San Francisco District Attorney's Office. The task force ...which raised concerns of potential improprieties of former employees." The Highway Patrol, which has been involved in the investigation notes that State ...
Jul 26, 2007 

Where Is The State Fund Report?
...to an on-going investigation of the provider by the California Highway Patrol. Originally expected to be available for public view at the ...spokeswoman Julie Jenkinson, and will not be unveiled until the California Highway Patrol, State Fund and the Department of Insurance determine that the ...
Jul 6, 2007

SCIF's Charles Savage Canned
For those watching the situation at scandal plagued State Compensation Insurance Fund, Charles Savage has been terminated as Vice President for Legal. ...He has accepted a lesser job at the carrier. While State Fund officials indicate publicly that this change is not part of ...
May 23, 2007

SCIF Governance Proposal
All of the responses have agreed that the Governance of State Fund must be dealt with and dealt with as quickly as ...
Apr 2, 2007

State Fund Group Administrators Paid $500 Million
State Compensation Insurance Fund has paid out more than $500 milllion in fees to its administrators, payments the company wont' disclose. That is the tip of the iceberg in this saga of the vast amounts of money involved in these programs that led to the firing of State Fund's president, Jim Tudor.
March 28, 2007

Senate To Hold Investigative Hearing Into Continuing State Compensation Insurance Fund Scandal
Senate To Hold Investigative Hearing Into Continuing State Compensation Insurance Fund Scandal Senate To Hold Investigative Hearing Into Continuing State Compensation Insurance Fund Scandal Against a backdrop ...possible criminal investigation into State Compensation Insurance Fund, the State Senate is about to hold hearings to look into the continuing scandal. An investigative hearing has been called for Wednesday by Sen. Michael Machado (D-Linden) at the request of Senate President Pro Tem Don Perata (D-Oakland). In addition, Perata replaced his appointee to State Fund's Board. The hearing may be abridged somewhat because if, in fact, there is ...
March 23, 2007

Tudor Shown the Door After Internal Investigation
State Compensation Insurance Fund's board of directors, at the onset of what promises to become a bigger scandal, has fired the insurer's president, Jim C. Tudor, and his long-time ally Renee Koren. She was vice president of group insurance programs. The firings come on the heels of an internal investigation ordered by the governor's office. An interim president has been appointed from the outside
March 21, 2007

State Fund Tea Party Boils Over
...by the administrators. "I had a major contractor insured with SCIF through the association. I moved them to a union ADR [alternative dispute resolution carve-out] program also with SCIF," he says. "End result: They forfeited their earned dividend." He said he made numerous complaints to SCIF and DelRe questioning the legality, but that got him nowhere. ...the stories now. Other related articles: September 2006 Tudor Appointed SCIF President After a lengthy search of trying to find someone ...
Dec 6, 2006

Forward-Looking Statement
...involving the governor and the Insurance Commissioner in the event SCIF became financially impaired. The legislation successfully resolved ongoing litigation between the commissioner and SCIF over the scope of the commissioner's oversight of the fund. In addition, despite strenuous lobbying against it by SCIF management and its paid lobbyists, Senate Bill 1452 (Speier) clarified ...the ability of the state auditor to conduct reviews of SCIF and determine whether it is meeting its statutory mandate. Imagine ...
Dec 6, 2006

Potential Conflict: Two SCIF Directors Out
... Workers' Comp Executive Exposes Inside Story Potential Conflict: Two SCIF Directors Out The governor's office has taken initial steps to ...about 25,000 employers for State Fund. September 2006 Tudor Appointed SCIF President After a lengthy search of trying to find someone ...
Nov 16, 2006

SCIF Transparency Bill Signed
... The bill bringing more transparency to State ...Fund to the same audit requirements as other state agencies. SCIF has refused such audits in the past, citing its regulation ...
Sep 25, 2006

Workers' Comp Law Nails Small Roofers
...nixed by internal staff and that neither the sponsor nor SCIF had anything to do with it. She adds that the ...vetted. But Hieb says he was told by Ginno that SCIF nixed the amendment. "If eight of those employees get hurt, SCIF says it still has to pay out because workers' compensation ...
Sep 21, 2006

Tudor Appointed SCIF President
... Controversy Still Surrounds This Guy Tudor Appointed SCIF President Jim C. Tudor has been appointed president of SCIF. State Fund's board of directors selected Tudor from what they ...candidates after an apparently lengthy search. Tudor, a 34-year SCIF veteran, has been acting president since the untimely and unexpected ...
Sep 21, 2006

SCIF Plans 20% Commission Hike For Group Business
... Strategy Apparently Increasing-Not Decreasing-Market Share SCIF Plans 20% Commission Hike For Group Business State Compensation Insurance ...to be decreasing its market share. But lately, they say, SCIF is growing more aggressive in its pursuit of good business ...
Sep 7, 2006

Political Deal Confirms SCIF's Litigation Loss To Insurance Department
...Jim Tudor, who comes out with only an affirmation that SCIF can't be seized and management replaced only by the governor, ...the decision by Superior Court Judge Alvarado , who ruled against SCIF management in December 13, 2004, saying that SCIF is in fact subject to RBC statutes. To read the ...
Aug 24, 2006

Committee Emasculates SCIF
... The Senate Banking, Finance and Insurance Committee today passed an ...of the quasi-governmental insurer, told the committee today that SCIF would respond to the amendments by dropping its lawsuit against ...
Aug 23, 2006

SCIF To Get Favorable Legislation
... Governor Arnold Schwarzenegger and California Insurance ...amendment is the culmination of two years of negotiations between SCIF management, the governor, and the Insurance Commissioner, and in most ...
Aug 16, 2006

SCIF Management "Arrogant" Says Speier
... "Either they have too much money ...Speier about the management of the State Compensation Insurance Fund (SCIF). Speier lambasted management for hiring a contract lobbyist to kill ...
Aug 9, 2006

SCIF Tries To Avoid Transparency Again
... State Compensation Insurance Fund (SCIF) is trying to kill a good-government bill that affirmatively ...ask for an affirmative bill to permit its audits. And SCIF is fighting it all the way home. It's the same old excuse from the embattled management of SCIF: that it is entitled to confidentiality. The State Auditor does ...
Aug 7, 2006

SCIF EMPLOYEE CONDITIONS INTOLERABLE
... SCIF EMPLOYEE CONDITIONS INTOLERABLE SCIF EMPLOYEE CONDITIONS INTOLERABLE State Compensation Insurance Fund —in the midst of major downsizing ...governor, State Fund management is also involved in the negotiations – SCIF Management has a seat at the table – and may have ...
Mar 15, 2006