SCIF Wrote $5 Billion, 35% of Market, in 2002

According to preliminary estimates from the Workers' Compensation Insurance Rating Bureau (WCIRB), State Compensation Insurance Fund (SCIF) had a 35% market share based on last year's aggregate premiums, gross of large deductibles. According to WCIRB data, SCIF wrote $5 Billion last year, but if you exclude deductibles, SCIF's market share climbs to about 45 percent. Deductibles were introduced into the state a couple of years ago and now account for just under 30% of the aggregate premium in California.The subject of continuing criticism and legislative scrutiny, SCIF's share of the state's w...