State Fund Revenue Down; Board Opposes Proposed Sale

The State Compensation Insurance Fund reported a 27% drop in revenue for 2008, reflecting lower premiums and a smaller share of the California workers' compensation insurance market.  Separately, the insurer's board of directors approved a resolution opposing the proposed sale of State Fund's assets to help address the state budget deficit.

• "State Fund 2008 Revenue Plummeted 27%, But Progress Seen" (Rauber, San Francisco Business Times, 7/13).
• "State Fund Board Says No to Proposed Sale" (Johnson, San Francisco Business Times, 7/13).