Lawmakers To Inspect State Compensation Insurer

Law360, New York (March 23, 2007, 12:00 AM EDT) -- The head of the California Senate plans to take a closer look at the turmoil and a possible financial scandal at the State Compensation Insurance Fund, which dismissed its president and another senior official this week.

Senate President Pro Tem Don Perata, D-Oakland, said he intends to hold a hearing because California’s economy relies upon State Fund, which is operated by the state government and has more than $6 billion a year in premiums.

The San Francisco-based fund is responsible for providing 230,000 employers with employees’...
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