The troubled California State Compensation Insurance Fund has hired Stephen C. Kolakowski as interim CFO and Marjorie Berte as a management consultant.
Recently, the state’s workers’ compensation insurer suffered setbacks over unethical practices in its group programs, which led to the firings of former president James Tudor and Renee Koren, vice president in charge of group programs. California Insurance Commissioner Steve Poizner also had ordered an audit of the organization, and issued several directives to SCIF regarding structural and operational changes.
Kolakowski and Berte both have several years of insurance industry experience. Berte was former Gov. Pete Wilson’s insurance advisor and is a trustee of the California Public Employees’ Retirement System.
SCIF is continuing with its internal investigation, which is being directed by San Francisco law firm Clarence & Dyer LLP.
Was this article valuable?
Here are more articles you may enjoy.
Half of Pilots Killed in US Accidents Tested Positive for Drugs
CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach
Meta Settles School Suit Over Social Media, Averting First Trial
Airbus, Air France Found Guilty in 2009 Rio-Paris Crash