State Fund history

1915 - The Industrial Accident Commission recommends the hiring of a traveling medical inspector to “diminish the abuse, now frequent, of over-stay in hospitals” by injured workers.

1918 - State Fund’s overhead costs equal 11.79 percent of net premiums received.

1922 - Management issues a memo to State Fund department heads noting that staff members are using an average of 43 pencils each per year.

1933 - The State of California announces it has insufficient funds to meet current disbursements, and that it will issue interest-bearing warrants in lieu of checks.

1935 - At the height of the Great Depression, 18 private workers’ compensation insurance carriers suffer insolvency, and approximately $2 million in industry claims go unpaid.

1945 - New legislation creates a Board of Directors for State Fund, moving it further away from direct State administration.

1952 - Mutual Insurance Agents of California passes a resolution calling on Governor Earl Warren to prohibit State Fund from issuing any policy unless the risk first receives declinations from two private carriers.

1955 - State Fund announces the creation of an Electronic Data Processing Study Team to determine whether this new technology can be integrated into the Fund’s processes.

1960 - State Fund moves into its new Home Office at 525 Golden Gate Ave., San Francisco.

1965 - State Fund begins dispersing claims-adjusting duties to District Offices in order to bring services “much closer to the persons to be served.”

1968 - State Fund “flattens” its organizational structure by giving increased authority to District Managers.

1972 - State Fund exchanges a parcel of property it owns at 11th and Market Streets for a lot at 9th and Market in San Francisco.

1977 - State Fund moves into its newly completed, 16-story Home Office building at 9th and Market Streets.

1984 – The California Self-Insurers' Security Fund (CASISF) was established by the California State Legislature to ensure the continuity of workers' compensation benefits of self-insured companies that have defaulted on their workers' compensation obligations – usually due to bankruptcy.

1989 - The Legislature adopts reforms designed to reduce medical and legal expenses.

1993 - Governor Pete Wilson signs a new round of reforms to reduce costs and curb abuse of workers’ compensation.

The California Self-Insurers' Security Fund (CASISF) has been proudly serving its members for 36 years since its founding on July 6, 1994.

1996 - As part of his Competitive Government Initiative, Governor Wilson commissions a consulting actuary firm to study the feasibility of “privatizing” State Fund.

2004 - State Fund marks its 90th year of providing workers’ compensation insurance -- and only workers’ compensation insurance.

2007 – Board of Directors appoints first State Fund President and CEO from private industry.

Eco-friendly overviews, including photos of the “green” campus facility in Vacaville (opened in 2008) that reduces energy consumption, shrinks State Fund’s carbon footprint, and sustains its commitment to environmentally sound workplace practices

2009 – Wall Street Journal cites President/CEO Jan Frank and State Fund as laudable example of private sector working with government.

2010 – The Board appoints Tom Rowe as State Fund President, CEO and member of the Executive Committee on August 2, 2010.

2012 – Tom D. Clark retires as COO. Beatriz Sanchez named as Chief Operations Officer.

2013 – Robin Baker and Marvin Kropke named to State Fund Board by Governor Brown.

2019 – CASISF's 3,500 private self-insured member companies protect more than 2.3 million workers -- 1 in every 8 California workers -- representing a total payroll of nearly $100 billion.