Senator Richard D. Roth (D-Riverside) will chair an Oversight Hearing of the Senate Insurance Committee on Wednesday, March 11, 2015, on the State Compensation Insurance Fund (SCIF).
Established by the Legislature in 1914 and regulated by the California Department of Insurance (CDI), SCIF now boasts more than 135,000 policyholders, more than $1.4 billion in annual premiums and nearly $20 billion in assets. As California’s largest provider of workers’ compensation insurance, SCIF is a self-supporting, non-profit enterprise.