State Compensation Insurance Fund

Buckingham Advisors Launches Video Series to Support Small Business Owners

Retrieved on:

Tuesday, October 24, 2023

Insurance, Small business, Policy, Distel, Thought, CPA, State Compensation Insurance Fund, MBA, Research, W2, Collection, Corporate services, Archive, Vidéothèque, Management, Video game

DAYTON, Ohio, Oct. 24, 2023 /PRNewswire/ -- Responding to increasing concerns by small and mid-size business owners on how to prepare for future uncertainties as they seek to navigate today's murky economic environment, Buckingham Advisors, an Ohio-based independent financial advisory and business services firm, has launched a series of free educational and business-building videos to help small and mid-size businesses. This established consulting team specializes in providing investment management, financial planning, tax, and business services for small and mid-size businesses.

Key Points:

"Buckingham's video series educates firms and owners on how to build and maintain a successful, profitable business."
The small business videos and the entire collection of Buckingham videos and archives of webinars are available in Buckingham's Video Library .
According to the survey, only 35% of small business owners work with a financial advisor, and 59% of mid-size business owners work with one.
"A majority of our business services focus on serving Ohio-based small and mid-size businesses and proprietors," said Jay Buckingham, CEO of Buckingham Advisors.

State Fund Declaring 5% Dividend for 2022 Policy Year

Retrieved on:

Saturday, December 31, 2022

Insurance, Professional Services, Policy, State Fund for Development of IT, Insurance, EAP, State Compensation Insurance Fund, Life insurance

State Compensation Insurance Fund (State Fund) today announced that it will declare an approximate $54 million dividend to its qualifying policyholders with policies that took effect between January 1 and December 31, 2022.

Key Points:

State Compensation Insurance Fund (State Fund) today announced that it will declare an approximate $54 million dividend to its qualifying policyholders with policies that took effect between January 1 and December 31, 2022.
In 2022, State Fund reported approximately $1.1 billion in estimated annual premium (EAP) and approximately $65 million in realized capital gains.
“We’re pleased to be able to return money to our policyholders for the fourth consecutive year,” said State Fund President & CEO Vern Steiner.
State Fund policyholders eligible for the 2022 dividend will begin to receive their payments after the expiration date of their individual policies.

Los Angeles, CA State Fund Insurance Launched - Cal Commercial Insurance

Retrieved on:

Thursday, December 15, 2022

Cal Commercial Insurance (+1 949 771-7731), based in Orange County, CA, now offers State Fund alternative coverage in addition to their other packages. The independent agents specialize in lowering workers compensation costs and mitigating risks for contractor business owners.

Key Points:

As of that date, no license in these classifications will be issued, reinstated, reactivated, or renewed without proof of workers' compensation insurance.
Insurance agencies that specialize in the construction and artisan trades, like Cal Commercial Insurance, have insurance carriers that offer substantial rate savings for most of the building construction trades.
Independent agents are ready to assist the construction trades contractors in securing the best State Fund insurance alternative coverage, at the most affordable rates.
Cal Commercial Insurance has been insuring construction trade businesses in Orange County, Los Angeles County, San Diego County, and the whole state of California for over 15 years.

State Fund Opioid Reduction Program Success Continued Despite Alarming Opioid Use Rates Spurred by the COVID-19 Pandemic

Retrieved on:

Wednesday, September 7, 2022

Insurance, Professional Services, National Institute on Drug Abuse, Prescription, Education, COVID-19, State-funded schools (England), National Institute, State, Program, Hope, Physician, Patient, State Compensation Insurance Fund, Health insurance, Medicine

State Compensation Insurance Fund (State Fund), Californias leading provider of workers compensation insurance, has reduced the number of opioid prescriptions for the injured workers they provide care for by 82% since 2014.

Key Points:

State Compensation Insurance Fund (State Fund), Californias leading provider of workers compensation insurance, has reduced the number of opioid prescriptions for the injured workers they provide care for by 82% since 2014.
Additionally, over the course of the COVID-19 pandemic between 2020 and 2021, State Funds opioid reduction program resulted in a 14% decrease in the number of opioid prescriptions for injured workers, despite increasing levels of opioid use and overdose fatalities across the nation as reported by the National Institute on Drug Abuse 2022 .
State Funds opioid reduction program is built around a comprehensive strategy to motivate physicians to avoid or reduce prescribing opioids to injured workers, and to educate injured workers about the risks of using opioids to manage pain.
State Funds opioid reduction program is one way the organization works to fulfill its promise to protect and restore injured workers and help keep California working.

State Fund Declares 5% Dividend for 2021 Policy Year

Retrieved on:

Thursday, March 17, 2022

Insurance, Professional Services, State Compensation Insurance Fund, EAP, Board of directors, Company, Income, Policy, State Fund for Development of IT, Director, Insurance, Life insurance

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $55 million dividend to its qualifying policyholders with policies that took effect between January 1 and December 31, 2021.

Key Points:

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $55 million dividend to its qualifying policyholders with policies that took effect between January 1 and December 31, 2021.
In 2021, State Fund reported approximately $1.1 billion in estimated annual premium (EAP) and approximately $159 million in realized capital gains.
Since its creation in 1914, State Fund has paid out more than $5 billion in dividends to policyholders.
State Fund policyholders eligible for the 2021 dividend will begin to receive their payments after the expiration date of their individual policies.

AM Best to Speak on ESG and ERM at AASCIF Conference

Retrieved on:

Thursday, September 30, 2021

Other Professional Services, Professional Services, Insurance, ALL, News, EDT, McGuigan, Rating, Insurance, American Association, Credit, AM Best, State Compensation Insurance Fund, Analytics, Association, Data, Risk management, ERM, Industry

AM Bests Maura McGuigan will discuss enterprise risk management and environmental, social and governance factors at the annual conference of the American Association of State Compensation Insurance Funds (AASCIF).

Key Points:

AM Bests Maura McGuigan will discuss enterprise risk management and environmental, social and governance factors at the annual conference of the American Association of State Compensation Insurance Funds (AASCIF).
The virtual conference will take place Oct. 4-6.
McGuigan, a director of criteria in the Credit Rating Criteria Research & Analytics department of AM Best, will lead a one-hour session, titled, AM Bests Approach to Evaluating ESG and ERM in the Ratings Process.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

State Fund Begins Construction of Extensive Sustainability and Solar Energy Program Designed by ENGIE North America and JLL

Retrieved on:

Wednesday, May 19, 2021

Environment, Insurance, Construction & Property, REIT, Professional services, Alternative energy, Energy, Health, General Health, Workers' compensation, State Compensation Insurance Fund, Insurance, Sustainability, State Compensation Insurance Fund, ENGIE North America, JLL, STATE COMPENSATION INSURANCE FUND, ENGIE NORTH AMERICA, JLL

b'State Compensation Insurance Fund (State Fund), California\xe2\x80\x99s leading provider of workers\xe2\x80\x99 compensation insurance, today announced that construction has begun on an extensive sustainability and solar energy program that includes solar, electric vehicle charging stations and energy storage at seven locations throughout California.

Key Points:

b'State Compensation Insurance Fund (State Fund), California\xe2\x80\x99s leading provider of workers\xe2\x80\x99 compensation insurance, today announced that construction has begun on an extensive sustainability and solar energy program that includes solar, electric vehicle charging stations and energy storage at seven locations throughout California.
\xe2\x80\x9cIncreasing our efforts and investments around sustainability initiatives will bring a number of benefits to our customers, employees, and California as a whole.\xe2\x80\x9d\nThe State Fund construction sites are located in Vacaville, Pleasanton, Redding, Fresno, Bakersfield, Sacramento and Riverside.
We embrace technology to meet the needs of today and opportunities of tomorrow.\xe2\x80\x9d\nState Fund is California\xe2\x80\x99s leading provider of workers\xe2\x80\x99 compensation insurance.
ENGIE S.A. is a global organization focused on low-carbon energy and services, that relies on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers.

State Fund Ranked #6 in Training Magazine's Top 100 Awards

Retrieved on:

Wednesday, February 17, 2021

Professional services, Education, Health, Insurance, General Health, Training, State Compensation Insurance Fund, Workers' compensation

State Compensation Insurance Fund (State Fund) has been ranked as one of the top-ten organizations in the world for employee training and development by Training Magazines Top 100 Awards.

Key Points:

State Compensation Insurance Fund (State Fund) has been ranked as one of the top-ten organizations in the world for employee training and development by Training Magazines Top 100 Awards.
The Top 100 is a global ranking of organizations that excel at training and the development of human capital.
In addition to the sixth-place ranking overall, State Fund also won an award in the Outstanding Training Initiative category for its Case of the Missing Case, a multi-episode training video about enterprise security featuring State Fund executives and staff.
The premier awards program in the learning industry, the Top 100 measures an organizations complete corporate training program including areas such as scope of curriculum, how training links to enterprise goals, and business outcomes.

State Fund Declares 10% Dividend for 2020 Policy Year

Retrieved on:

Thursday, December 31, 2020

General Health, Professional services, Health, Insurance, Shareholders, Finance, Money, Insurance, State Compensation Insurance Fund, Dividends, Universal basic income, Economy, Life insurance, Ex-dividend date, With-profits policy

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $39 million dividend to its qualifying policyholders with policies that took effect between Aug. 27 and Dec. 31, 2020.

Key Points:

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $39 million dividend to its qualifying policyholders with policies that took effect between Aug. 27 and Dec. 31, 2020.
Through 2020, State Fund is reporting approximately $1.13 billion in premium.
This latest declaration continues that supportall qualifying State Fund policyholders now know they can expect another dividend payment next year.
State Fund policyholders will begin to receive dividend payments during the second half of next year.

State Fund Declares 10-Percent 2020 Mid-Year Dividend

Retrieved on:

Monday, August 31, 2020

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $75 million dividend to its qualifying policyholders with policies that took effect between January 1 and August 26, 2020.

Key Points:

State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $75 million dividend to its qualifying policyholders with policies that took effect between January 1 and August 26, 2020.
Through July of this year, State Fund reported approximately $700 million in estimated annual premium and approximately $60 million in realized capital gains.
Just last year State Fund declared an approximate $160 million dividend for 2019 policyholders.
State Fund policyholders eligible for a 2020 dividend will receive their payments after the expiration date of their individual policies.