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Insurance

Jul. 31, 2007

Policyholders Sue Workers' Compensation Insurer for Fraud

LOS ANGELES - A lawsuit filed on behalf of policyholders accuses a state-run workers' compensation insurer of fraudulent bookkeeping and seeks at least $25 million in bonuses and discounts paid to companies run by its former board members.

By Peter B. Matuszak
Daily Journal Staff Writer

      LOS ANGELES - A lawsuit filed on behalf of policyholders accuses a state-run workers' compensation insurer of fraudulent bookkeeping and seeks at least $25 million in bonuses and discounts paid to companies run by its former board members.
      On Tuesday, the initial hearing in the civil case against State Compensation Insurance Fund is s...

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