SCIF Starts Contingent Commissions, with Disclosure

The California State Compensation Insurance Fund announced Friday that it will disclose its broker commissions to policyholders, and separately gave word to brokers that it will begin paying contingent commission's based on their clients losses. The giant insurer announced in a press release that it plans to begin disclosing its commissions to policyholders on Oct. 1, but made no mention of its new commission arrangement with brokers in a press release. "State Fund believes that disclosure of the commission arrangement between State Fund, its brokers and their clients is in the best intere...