State Fund Discontinues Group Insurance Plan in 2015

State Compensation Insurance Fund in 2015 will discontinue the group insurance programs it credits with improving workplace safety and helping it stay competitive under minimum rate laws, but also landed the carrier in hot water with California regulators in the mid-2000s. State Fund introduced group insurance discounts to reward employers whose loss history demonstrated a commitment to maintaining safe workplaces. The first SCIF group insurance plan was launched in 1943 through a partnership with the California Farm Bureau. "The workers' compensation market has changed dramatic...