Gov. Schwarzenegger has made important appointments to SCIF’s Board which will impact it’s operation in the coming months. Hopefully, the comment in the news release about State Fund going back to its mandate does not mean SCIF will be forced to divest much of its current client base. Increased competition will help in reducing rates but forcing the State Fund to remain on the sidelines will be counterproductive. State Fund has been the market for the past few years, with few exceptions. Until the rest of the market wakes up California businesses and the insurance agent/broker community needs a viable STATE FUND.
The State Fund need more insurance industry consultants on the Board, with many years of experience.
Gov. Schwarzenegger has made important appointments to SCIF’s Board which will impact it’s operation in the coming months. Hopefully, the comment in the news release about State Fund going back to its mandate does not mean SCIF will be forced to divest much of its current client base. Increased competition will help in reducing rates but forcing the State Fund to remain on the sidelines will be counterproductive. State Fund has been the market for the past few years, with few exceptions. Until the rest of the market wakes up California businesses and the insurance agent/broker community needs a viable STATE FUND.