2010: On Aug. 2, the Board appoints Tom Rowe as our President, CEO and member of the Executive Committee.

We announce a plan to reduce our real estate footprint statewide and geographically restructure its operations to serve California more efficiently. The changes are expected to reduce annual operating costs by $200 million when fully implemented.

2011: Gov. Schwarzenegger names Larry Mulryan our Chairman. Jeanne Cain is honored as she leaves her post as Board Chair.

2013: On Nov. 15, the Board announces the resignations of CEO Tom Rowe and CFO Dan Sevilla. Board Chair Larry Mulryan writes: “The Board thanks Tom for his vision and leadership and Dan for his outstanding fiscal stewardship. We will continue the transformational work that is well underway.” Carol Newman is named interim CEO. Chief Investment Officer Pete Guastamachio is tapped by the Board to also serve as interim CFO.

We debut a new logo. Preparations begin to mark State Fund’s 100th anniversary in 2014.

SB 863 becomes effective on January 1, making the most wide-ranging changes to California’s workers’ compensation system in more than a decade. Changes include increasing injured worker benefits and implementing cost-saving efficiencies. The bill also creates an Independent Medical review process for injured workers to decide if a requested treatment is medically necessary.

2014: Our Board of Directors appoints Vernon Steiner as permanent President and CEO on May 27 to lead us into the next 100 years.

2015: The Board approves development of a Learning Center in Vacaville as our main education and training hub for new and existing employees. Curriculum includes week-long live onboarding, an insurance education series, and leadership development courses.

We successfully defend the IMR process established by SB 863 in Stevens v WCAB et al. IMR is important because it allows medical professionals, not workers’ compensation judges, to oversee treatment disputes for injured workers, and was a key element of SB 863.

2016: We submit a new rate filing and pricing structure to the California Department of Insurance (CDI) introducing additional pricing ranges and risk characteristics to improve the accuracy of risk pricing and help stabilize yearly rates.

We transition to an outcomes-based Medical Provider Network (MPN). Called the State Fund MPN by Harbor Health, this new network improves physicians’ ability to manage injured worker’s treatment and patient outcomes.

We reach successful resolutions with most of the defendants in two Racketeering Influenced and Corrupt Organizations Act (RICO) suits, exposing and prosecuting a complex fraud scheme perpetrated by a number of medical vendors in California's workers’ compensation system. Through this work, many of the providers who defrauded us are no longer able to treat injured workers, and the suit brought greater awareness to the magnitude of medical fraud within the system so more can be done to protect injured workers and policyholders.

2017: We make significant improvements to reduce premium deposit levels and increase payroll options to make it easier to bind coverage with us.

To help the injured workers we serve understand their claim and the often daunting workers’ comp system, we creates a series of videos in English and Spanish about what to expect.

2018: We create specialized underwriting teams to create more consistency in pricing, identify risks, and manage challenges among certain sectors. These sectors include trucking, temporary agencies, large accounts, and those with unionized workers.

We reduced the number of opioid prescriptions for our injured workers by 60 percent since launching our opioid-reduction program in 2014.

We partner with Kids’ Chance of California to provide need-based educational scholarships to the children of fatally or seriously injured California workers.