NU Online News Service, March 12, 3:18 p.m. EST

California's workers' compensation fund, the State Compensation Insurance Fund, reported net income for 2009 increased 91 percent over 2008 despite a combined ratio exceeding 160.

In a report to more than 4,000 California brokerages doing business with State Fund, Doug Stewart, interim president and chief executive officer, said the state's largest provider of workers' comp insurance ended 2009 with $1.25 billion in net premium earned and $143 million in net income.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.