state fund News

California State Fund Reports Drop in Net Premiums

California’s State Compensation Insurance Fund released its annual report on Thursday showing just over $1 billion dollars in net premiums earned, a drop from 2010’s figures. State Fund reported adjusted actual net premiums earned of $1.002 billion for the year. …

Lawyer Claims Highest Known Workers’ Comp Settlement in California History

Attorney Christopher Asvar believes he has secured the highest known workers’ compensation insurance settlement in California history, totaling $8.9 million on behalf of a Antonio Enriquez, who suffered a traumatic brain injury in 2004 at the age of 18 after …

Montana State Fund Issues $6 Million Dividend

Montana State Fund says its workers’ compensation insurance policyholders will be getting a $6 million dividend. The board of directors authorized the refunds for January that will be sent to about 21,000 policyholders with good safety standards. Overall, the agency …

State Fund Announces Rate Filings, Incentives for California Farm Bureau

The government-controlled State Compensation Insurance Fund announced it has filed a new rating plan with the California Department of Insurance. The plan adopts the Workers’ Compensation Insurance Rating Bureau’s rate adjustments for new and renewed policies effective Dec. 1, 2011, …

California Workers’ Comp Doctors Take Aim at State Fund Contract

A controversy in the California workers’ compensation market over a revised provider contract threatens to erupt into an all-out legal brawl as doctors for injured workers and applicants’ attorneys take aim at the state’s largest carrier. The nonprofit State Compensation …

Calif. Bill Targets State Workers’ Comp Insurer’s Commission Policy

California Assembly Member Anthony Portantino, 44th District, has proposed a bill aimed to level the playing field for brokers who help to secure workers’ compensation insurance from the State Compensation Insurance Fund. In AB 974, Portantino said State Fund’s practice …

Calif. State Fund Reports Net Income of $171 Million

California State Compensation Insurance Fund has announced that it ended 2010 with $1.1 billion in new premium earned, and $171 million in net income. The company’s online annual report shows that State Fund’s 2010 net income of $171 million was …

Interpreter Lien Claimant Must Prove Its Services Were Necessary

To provide medical treatment to an injured worker, an employer must provide reasonably required interpreter services if the injured worker is unable to speak, understand or communicate in English. However an interpreter medical lien claimant has the burden of proving …

Montana Governor Makes Appointments to State Fund Board

Montana Gov. Brian Schweitzer has made three appointments to the State Compensation Insurance Fund Board. Elizabeth Best of Great Falls was named chairwoman. She is an attorney in private practice. She has served as a trustee for the Centerville School …

Calif. State Fund Investigation Closed

The Joint Task Force comprised of the California Highway Patrol (CHP), the California Department of Insurance (CDI) and San Francisco District Attorney’s Office has reportedly completed its four-year investigation of former California State Compensation Insurance Fund employees and directors. In …