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.
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