California State Compensation Insurance Fund News

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. Federal authorities …

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 …