State Compensation Insurance Fund News

California Business Owner To Pay Millions For Workers’ Comp Fraud

Richard Lopez Escamilla Jr., 47, was sentenced in Kings County Superior Court in California on Dec.4 to one felony count of insurance fraud and was ordered to pay restitution of nearly $4.2 million to State Compensation Insurance Fund, SeaBright Insurance …

California State Fund CEO and CFO Resign

Two top executives at California’s State Compensation Insurance Fund have resigned. State Fund President and CEO Tom Rowe and Chief Financial Officer Dan Sevilla will resign from State Fund, the board of directors for California’s largest worker’s compensation provider announced …

State Fund Begins Distributing $100M Dividend

California’s State Compensation Insurance Fund will begin issuing $100 million worth of dividend payments to eligible policyholders in early July, the state’s largest workers’ compensation insurer announced on Tuesday. The dividend be paid on the 2012 policy year, and eligible policyholders will …

State Fund Selects New Chief Medical Officer

State Compensation Insurance Fund named Dr. Dinesh Govindarao as its new chief medical officer. The move is effective July 8. As chief medical officer, Govindarao will represent State Fund as an advocate for California injured workers. His duties include providing oversight of the organization’s medical …

State Fund Names Sanchez Chief Operating Officer

State Compensation Insurance Fund named Beatriz Sanchez as chief operating officer. State Fund’s Board of Directors confirmed Sanchez’s appointment at its first meeting this year and named her to the post on Thursday. Beatriz will provide leadership and oversight to …

Carriers ‘Uncertain’ About California Workers’ Comp Reform

Editor’s Note: This is the fourth in a series of articles to look at California’s workers’ compensation reform law, which takes effect Jan. 1, 2013.   Insurance carriers, along with the many stakeholders who are watching and waiting as California’s …

Calif. State Fund Board: Drop Rates 7%

California’s State Compensation Insurance Fund’s board voted on Friday for a 7 percent decrease in its 2013 rates, a move that reflects State Fund’s anticipated savings from a workers’ compensation reform law set to take effect on Jan. 1, 2013. …

Father and Daughter in Central Calif. Workers’ Comp. Fraud Must Repay Over $600K

Jerry Buffington, 69, and Cynthia Russell, 47, have pled guilty in Kern County Superior Court to one count each of workers’ compensation insurance premium fraud and eight counts each of tax evasion and were ordered to pay restitution to California’s …

State Fund Taps Hutchings as Chief Information Officer

California’s State Compensation Insurance Fund named Marjorie Hutchings its Chief Information Officer. Hutchings, who was senior vice president for infrastructure engineering at State Fund, will transition to her new role as chief of the division that provides IT operations support …

Calif. Joint Operation Targets Underground Economy

A statewide joint task force in the fight against California’s underground economy has netted contractors allegedly operating illegally, resulting in 104 enforcement actions, California Insurance Commissioner Dave Jones announced. Detectives from the California Department of Insurance (CDI), the Contractors State …