San Francisco, CA – Governor Edmund G. Brown, Jr. has appointed Sheryl Chalupa as Chair of the State Compensation Insurance Fund Board of Directors effective immediately. Chalupa succeeds Larry Mulryan who has served on State Fund’s Board since 2009 and as Chair for the past three years. Mulryan will remain a member of the Board and chair of the Governance Committee.
Chalupa was re-appointed to State Fund’s Board by Governor Brown in 2014 and originally appointed in 2007. Since 2001, Chalupa has been President and CEO of Goodwill Industries of South Central California overseeing the non-profit corporation’s work in Kern, King, and Southern Tulare counties. Prior to that Chalupa served as executive director of Girl Scouts-Joshua Tree Council between 1994 and 2001.
Today, State Fund insures more than 130,000 California businesses. In 2013, State Fund wrote over $1.1 billion dollars in premium, making it one of the largest workers’ compensation insurers in the nation.
More than three years ago, State Fund’s Board set the organization on a path to transform its operations by improving its transparency, accountability, efficiency, and productivity to ensure a stable and open workers’ compensation insurance market.
In the past several years State Fund has:
- Reduced annual operating costs by more than $450 million dollars, more than 25% since 2009
- Declared $250M of policyholder dividends for the first time in a decade
- 5% of premium for the 2011 policy year
- 10% of premium for the 2012 and 2013 policy years
- Implemented SB 863 reform
- Developed and implemented a new pricing model that has improved the organization’s ability to price accounts and serve more California employers
- Streamlined workflows and launched new technology that improved both access to its prices and quote speed
- Reduced portfolio of older claims by 33% through responsible settlements
“I am honored to serve as chair and appreciate the confidence Governor Brown has demonstrated in me and this organization,” said Chalupa. “State Fund’s Board is focused on building a competitive company with a resourceful, creative workforce that provides fair prices and excellent service, creates stability in the market, and delivers significant value to California employers and injured workers.”
Source: CA State Fund