Despite rumors to the contrary, State Compensation Insurance Fund remains solid in the turbulent California workers’ compensation market. The state’s largest workers’ comp provider received an affirmed “BB++” financial strength rating from A.M. Best on May 24.
Best announced that the affirmed rating “reflects the Fund’s strong capital position and dominant market presence,” as well as “the Fund’s capacity to successfully provide a permanent workers’ compensation market in California while maintaining a high level of service.”
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
‘Structural Shift’ Occurring in California Surplus Lines 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
