State Fund Announces Moratorium on Cancellations, Penalties

California’s State Compensation Insurance Fund announced several steps it is taking to support policyholders during the COVID-19 crisis. “State Fund has placed a moratorium on policy cancellations and late payment penalties,” the carrier announced on Friday. “It will also extend credit to any business negatively impacted by COVID-19 events and offer businesses the ability to adjust their payroll reporting.” State Fund said that out of concern for the health of California business owners, workers and its own employees, it will postpone all work site visits. Most...