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SAIF history
SAIF company history timeline
Established in 1914 by the state legislature, State Fund is a vital asset to California businesses and employees; its history parallels the dynamic, influential, and innovative history of California itself.
1922 - Management issues a memo to State Fund department heads noting that staff members are using an average of 43 pencils each per year.
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.
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.
1960 - State Fund moves into its new Home Office at 525 Golden Gate Ave., San Francisco.
1968 - State Fund “flattens” its organizational structure by giving increased authority to District Managers.
1977 - State Fund moves into its newly completed, 16-story Home Office building at 9th and Market Streets.
1993 - Governor Pete Wilson signs a new round of reforms to reduce costs and curb abuse of workers’ compensation.
2004 - State Fund marks its 90th year of providing workers’ compensation insurance -- and only workers’ compensation insurance.
2009 – Wall Street Journal cites President/CEO Jan Frank and State Fund as laudable example of private sector working with government.
Operating expenses are reduced by $260 million, more than 25 percent since 2009, while doubling net income.
2012 – Tom D. Clark retires as COO. Beatriz Sanchez named as Chief Operations Officer.
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SAIF competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| State Fund | 1914 | $24.0M | 350 | - |
| SFM Companies | 1983 | $342,981 | 200 | 3 |
| New York State Insurance Fund | 1914 | $106.8M | 2,400 | - |
| KEMI | - | $165.5M | 163 | - |
| MEMIC | 1993 | $159.1M | 200 | 4 |
| Missouri Employers Mutual | 1995 | $145.8M | 300 | - |
| Cambridge Integrated Services Group Inc | - | $71.5M | 2,200 | - |
| CCMSI | 1978 | $170.0M | 202 | 61 |
| PMA Companies | 1915 | $1.3B | 1,362 | 27 |
| R&R Insurance | 1975 | $27.0M | 350 | 15 |
SAIF history FAQs
Zippia gives an in-depth look into the details of SAIF, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SAIF. The employee data is based on information from people who have self-reported their past or current employments at SAIF. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SAIF. The data presented on this page does not represent the view of SAIF and its employees or that of Zippia.
SAIF may also be known as or be related to Oregon Accident Insurance Fund, SAIF, SAIF Corporation, Saif Corporation, State Accident Insurance Fund and State Accident Insurance Fund Corporation.