SAN FRANCISCO, Nov. 18 /PRNewswire/ -- State Compensation Insurance Fund today announced it will extend credit to policyholders who have suffered financial loss or business disruption caused by the fires in Montecito, Orange County and Sylmar.
To date, more than 900 residences and structures have been lost due to the flames and more than 35,000 acres burned and an untold number of businesses have suffered damages.
"With the fires being concentrated in densely populated areas, we understand that these fires have caused significant hardship to some of our policyholders," said State Fund President Jan Frank. "We are prepared to help our policyholders through credit relief as they return to normal operations."
Dedicated customer service lines have been set up to provide assistance to policyholders. State Fund will work with employers who are unable to report payroll figures or submit payments or have been cancelled for credit for reasons related to the fires.
State Fund representatives will review accounts and grant a 30-day credit extension, a 3-month payment plan or if necessary, withdraw cancellation and reinstate the policy.
Policyholders are encouraged to contact the customer service line, 800-388-0902 to make arrangements.
EDITOR'S NOTE: Established by the California Legislature in 1914, San Francisco-based State Compensation Insurance Fund is a self-supporting, nonprofit, fairly competitive public enterprise that provides workers' compensation insurance coverage at cost to California employers. For more information about State Fund, please visit http://www.scif.com.
|SOURCE State Compensation Insurance Fund|
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