S&P Report Warns Calif. Workers’ Compensation More Precarious Now

West News • April 14

“The taxpayers of California will ultimately face the financial consequences should the SCIF be in financial trouble or fail. There is no excuse for SCIF not having an A.M. Best rating. Rather than being blindsided by a multi billion financial failure of SCIF, A.M. Best should be allowed to calculate a rating and give the regulators and the public the opportunity to clearly understand the ongoing financial strength of their operations. A.M. best needs to rate SCIF on an ongoing basis so that all concerned can monitor and correctly manage this potential crisis.”

— Wes Thew, Flagstaff, Ariz.