What’s New at State Fund Today
COVID-19 is reshaping our way of life but we can get through this together. In this edition of State Fund Today, learn how State Fund is supporting the most vulnerable policyholders and their workers.
Our plans to distribute dividends comes at a time when some businesses are impacted by the Coronavirus crisis. Hear from our CFO, Pete Guastamachio, why dividends are an important indicator of State Fund’s financial strength and what that means for California’s employers.
Do you have clients who provide essential services? Tell them about our Essential Business and Worker Support Fund to help eligible State Fund policyholders and their workers during the pandemic. Read about the fund and more in this issue of State Fund Today.
Essential Business Support Fund To support California’s essential businesses during the COVID-19 crisis, State Fund has established the Essential Business Support Fund — a $50 million relief fund to help policyholders defray the costs of protecting workers from coronavirus and … Read more
Pete Guastamachio was appointed State Fund’s Chief Financial Officer in September 2014. He brings more than 35 years of high-level experience from the financial sector, and joined State Fund in February 2009, as our first Chief Investment Officer. We met … Read more
Assembly Bill 5 changed the 30-year-old test to determine employment status of California workers effective January 1, 2020 for wage orders, and effective July 1, 2020 for workers’ compensation purposes. The bill created a new “ABC Test”, replacing the previous … Read more
In times like these, when we are all doing our part to stop the spread of COVID-19, we are thinking about our policyholders. We recognize that many businesses across the state are experiencing dramatic drops in revenue and making abrupt … Read more
Make it easy for your clients to find important Coronavirus safety resources by sharing State Fund’s COVID-19 resource center available at SafeAtWorkCA.com. Our website is a one-stop shop that includes information on preventing the spread of the virus, teleworker ergonomics, … Read more
Have you seen our new safety website, SafeAtWorkCA.com? Designed to be State Fund’s safety resource center, it is the wellspring for all the information and tools we make available to policyholders and California employers. There are more than 1,000 articles, … Read more