Magnifying Glass
Back to Sponsored Content

CA State Fund Declares 5% Dividend for 2021 Policy Year

18 Mar, 2022 WorkersCompensation.com

                               

Sacramento, CA (WorkersCompensation.com) - 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. This dividend equals approximately 5% of the estimated annual premium reported during that period.

In 2021, State Fund reported approximately $1.1 billion in estimated annual premium (EAP) and approximately $159 million in realized capital gains.  

“Due to the significant capital gains we realized in our equity portfolio, and our strong financial position, we are able to return money to our policyholders for the third consecutive year,” said State Fund President & CEO Vern Steiner. “We are always looking for ways to help our policyholders improve their bottom lines and invest in California’s economy and we’re pleased to be able to provide this support.”

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.

To learn more about State Fund, visit StateFundCA.com. 

    • Read Also

    Sedgwick names Andrea Buhl President of Casualty

    MEMPHIS, Tenn., November 4, 2024 – Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has appointed Andrea Buhl to the role of president of its casualty group. Buhl has […]
    Sanderson Firm Partners with WorkCompCollege to Launch MSPCollege and the Medicare Set-Aside Certified Planner (“MSACP”) Program 

    For Immediate Release: Bradenton, FL: October 30, 2024  Sanderson Compliance LLC, a subsidiary of Sanderson Firm PLLC, a leading Medicare Secondary Payer ("MSP") compliance firm, and WorkCompCollege.com, a virtual training platform for the workers' compensation […]
    Not Your Average Workers’ Compensation and Auto PPO 

    Horizon Casualty Services, Inc. (HCS), an affiliate of Horizon BCBS NJ (Horizon), is the cornerstone in the management of workers’ compensation (WC) and personal injury protection (PIP) services in New Jersey. Headquartered in Newark, NJ, […]

    About The Author

    • WorkersCompensation.com

    More by This Author

    Free Access: Transform Your Workflow with the New Specialty Solutions Toolkit

    In the fast-paced world of workers' compensation, staying organized and efficient is crucial. That’s why we’re thrilled to introduce a game-changing resource specifically designed for claims professionals like you—the Specialty Solutions Toolkit. This innovative, no-cost […]
    Ametros’ Melissa Coleman Honored by the IAIABC as a 2024 NextGen Winner

    Wilmington, Mass. (June 24, 2024) – The IAIABC has recognized Melissa Coleman as a 2024 NextGen Award Winner. Coleman is the Senior Vice President of Marketing for Ametros, which helps people manage their medical funds following workers’ […]
    ReEmployAbility Announces Free Webinar: ‘Overcoming Jurisdictional Return-to-Work Challenges’

    ReEmployAbility, Inc.Contact: Rebecca Dearth(813) 261-3117 | news@reemployability.com Brandon, FL (May 10, 2023)- ReEmployAbility CEO and Founder Debra Livingston will be hosting a second free, live Work Comp Central webinar in their continued series to educate […]

    Read More

    Sedgwick names Andrea Buhl President of Casualty

    MEMPHIS, Tenn., November 4, 2024 – Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has appointed Andrea Buhl to the role of president of its casualty group. Buhl has […]
    Sanderson Firm Partners with WorkCompCollege to Launch MSPCollege and the Medicare Set-Aside Certified Planner (“MSACP”) Program 

    For Immediate Release: Bradenton, FL: October 30, 2024  Sanderson Compliance LLC, a subsidiary of Sanderson Firm PLLC, a leading Medicare Secondary Payer ("MSP") compliance firm, and WorkCompCollege.com, a virtual training platform for the workers' compensation […]
    Not Your Average Workers’ Compensation and Auto PPO 

    Horizon Casualty Services, Inc. (HCS), an affiliate of Horizon BCBS NJ (Horizon), is the cornerstone in the management of workers’ compensation (WC) and personal injury protection (PIP) services in New Jersey. Headquartered in Newark, NJ, […]
    Kind Souls Foundation Partners with WorkCompCollege.com to Develop Enhanced Training Program for Volunteers 

    October 9, 2024 [Albany, NY] – Kind Souls Foundation is excited to announce an innovative educational partnership with WorkCompCollege.com. Kind Souls Foundation, a national nonprofit, is dedicated to supporting individuals and their families facing work […]
    Integrix Partners with WorkCompCollege.com to Launch Comprehensive Training Program for Employees 

    Prairieville, LA (October 8, 2024) – Integrix, a leading provider of boutique-quality Case Management, is proud to announce the launch of a comprehensive training program for both new hires and existing employees. This program, powered […]
    Registration Now Open for Free WorkCompCollege Webinar ‘Getting Under the Waterline’

    Brandon, Florida (October 3rd, 2024) – ReEmployAbility is excited to announce the launch of a new webinar in collaboration with WorkCompCollege titled "Getting Under the Waterline: Creating Connection to Improve Injured Workers' Recovery.” The webinar […]

    Request a Demo

    To request a free demo of one of our products, please fill in this form. Our sales team will get back to you shortly.