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04/30/21
WorkersCompensation.com
Pleasanton,CA(WorkersCompensation.com) – State Compensation Insurance Fund (State Fund) has released its 2020 Annual Report. The report outlines how State Fund maintained its financial strength while continuing to support its policyholders and injured workers during a uniquely challenging year.
In his president s letter accompanying the financial report, State Fund President & CEO Vern Steiner discusses the actions State Fund took to help its policyholders and injured workers during the COVID-19 crisis.
These actions included placing a moratorium on policy cancellations, reaching out directly to tens of thousands of policyholders to revise payrolls and provide payment flexibility, providing more than $44 million in COVID-19 safety support grants, accelerating the delivery of the 2019 dividend, declaring a 10% dividend for 2020, and much more. ....

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