state fund News

California State Fund Launches Telehealth Services

California’s State Fund will now provide injured workers round-the-clock access physicians from a desktop computer, tablet or mobile phone. State Fund on Thursday announced its partnership with Kura MD, a provider of telehealth services, to offer health services to injured …

California State Fund Says It Reduced Opioid Prescriptions by 60%

California’s State Compensation Insurance Fund is reporting a significant reduction in the number of opioid prescriptions for injured workers through a program launched four years ago. State Fund’s opioid-reduction strategy, which included early prevention in new cases and reduction of …

Business Coalition Challenges Fee on Montana Workers’ Comp Assets

A business coalition is asking a judge to stop state officials from imposing a fee on assets of Montana’s workers’ compensation fund to plug a budget gap. The suit filed Monday in state District Court in Lake County says employers …

California State Fund 2016 Report Shows 128K Policies Written

The California State Compensation Insurance Fund’s 2016 annual report shows a net income of $192 million in 2016. Other important highlights from the newly released report include: 128,000 policies written in 2016. Earned net premiums of $1.5 billion. Policyholders’ surplus …

Montana Lawmakers Table Privatization of $1.6B Workers’ Comp Fund

Montana lawmakers have tabled a proposal seeking to dismantle and privatize the state’s massive workers’ compensation system, saying the matter is too daunting to take up in the waning days of the legislative session. Instead, a Senate Committee decided to …

California State Fund Files April 1 Rating Plan

California’s State Compensation Insurance Fund has filed for a 9 percent increase in collectible premium that will apply to new and renewal workers’ compensation policies effective on or after April 1. Although the rate plan is designed to generate an …

Former California State Fund Executive Fined for Conflict of Interest

A former top executive at California’s State Compensation Insurance Fund has admitted to charges of a conflict of interest in awarding contacts to a software firm while he was at State Fund, it was made public on Friday by the …

Sharks, Beer Among Most Popular Headlines in West

For years newshounds have endeavored to figure out a way to predict what stories will prove most popular with readers. While a few web news aggregators have had some measure of success and have steadily drawn in readers with hot …

California’s State Fund Board Declares $100M Dividend

The board of directors for California’s State Fund Compensation Insurance approved a $100 million dividend to qualifying policyholders for the 2013 policy year. The dividend represents roughly 8.6 percent of policyholders’ 2012 estimated annual premium. “State Fund has made significant …

FBI: California Senator Tied up in Workers’ Comp Fraud

An FBI investigation shows that state Sen. Ronald Calderon accepted bribes from a hospital executive in Southern California who ran an alleged workers’ compensation scheme, the Al Jazeera America news outlet is reporting. Calderon, D-Montebello, who chairs the Senate Insurance …