California's insurance regulator has sent in criminal investigators and auditors to probe the state's workers' compensation insurer of last resort over allegations of improper spending, an official said.
The California Insurance Department has three teams in place examining the State Compensation Insurance Fund, according to Jennifer Kerns, a department spokesperson.
SCIF--the nation's largest comp insurer, which annually takes in $6 billion in premiums--is being examined by personnel from the department's Fraud Division, an audit team and a financial examiner, Ms. Kerns said.
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