California State Compensation Insurance Fund News

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 …

California Legislator Indicted for Taking Bribes in Workers’ Comp Scheme

The Los Angeles Times is reporting that state Sen. Ron Calderon has been indicted in a corruption case and accused of taking about $100,000 in bribes from a hospital executive in Southern California who ran an alleged workers’ compensation scheme. …

Willis Completes $200 million ‘Golden State Re’ Cat Bond for State Fund

Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings, announced it has structured and placed a $200 million catastrophe bond transaction for the California State Compensation Insurance Fund. The Golden State Re Ltd. transaction is the first cat …