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Established in 1914 by the state legislature, State Fund is California's most reliable provider of workers' compensation insurance and a vital asset to California businesses. State Fund supports California's entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers' compensation insurance, helping California employers keep their workplaces safe, and restoring injured workers.




State Fund Responds to 2008 CDI Operational Review

May 06, 2009

The California Department of Insurance (CDI) today released its 2008 operational review of State Fund. Attached is a letter State Fund President/CEO Jan Frank sent to Insurance Commissioner Steve Poizner detailing State Fund’s response to the report’s findings.

We appreciate CDI’s review and believe State Fund and our stakeholders will benefit by the improvements we have made. Overall CDI’s comprehensive review of its operations confirms the progress State Fund has made since 2007. State Fund is a much different, much stronger organization than it was just a year ago.

CDI first conducted an operational review in 2007 and identified 110 findings for State Fund to improve and strengthen its organization. The follow-up 2008 operational review tested State Fund’s progress on those findings and extended the review to new areas of the organization.

State Fund has either resolved or made solid progress on nearly 90% of the 110 recommendations outlined in CDI’s 2007 report. CDI’s 2008 Operational Review contains far fewer and far more routine findings than the 2007 report, which State Fund has already made substantial progress toward resolving.

We agree with the Commissioner that California’s workers’ compensation market depends on a healthy State Fund. In less than two years State Fund has significantly transformed our operations and we are committed to resolving all outstanding issues while continuing to successfully fulfill our unique role in California’s economy.

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