Judge Rejects Overcharge Claim Against SCIF
NU Online News Service, April 10, 12:28 p.m.EDT?A judge has ruled against a $1 billion class actionsuit that alleged California's State Compensation Insurance Fundovercharged thousands of policyholders.
The complaint claimed that the State Fund overcharged 163,900California businesses from 1989 to 1995 through the use of a"maximum probable potential" claims reserving method. Thisreserving method unjustifiably increased experience-rated premiumsand lowered potential dividends, the suit alleged.
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