State Fund Ratings Affirmed

Despite rumors to the contrary, State Compensation Insurance Fund remains solid in the turbulent California workers’ compensation market. The state’s largest workers’ comp provider received an affirmed “BB++” financial strength rating from A.M. Best on May 24.

Best announced that the affirmed rating “reflects the Fund’s strong capital position and dominant market presence,” as well as “the Fund’s capacity to successfully provide a permanent workers’ compensation market in California while maintaining a high level of service.”