MAY 27, 2014: State Fund’s Board of Directors has appointed Vernon Steiner as President and CEO.
Vernon will join State Compensation Insurance Fund on June 9th and comes to us from Zenith Insurance Company. As Senior Vice President of Claims, he was responsible for Zenith’s national claims operations with significant focus in California.
Vernon has a strong track record of building effective senior teams and strong capabilities at the organizations he has led, and is a committed champion for improving the workers’ compensation system for all stakeholders.
He has 24 years of industry experience, most of which has been focused on workers’ compensation and casualty business operations. Prior to joining Zenith six years ago, he held several positions at CNA Financial. While at CNA, he initially led the Western Region headquartered in Brea, CA, was later promoted to a zonal leadership position with responsibility for all claims west of the Mississippi, and ultimately took on responsibility for workers’ compensation claims nationally.
He also spent eight years with AIG, first leading a claims office in Long Beach, CA and then as Regional Vice President for the Northwest Region based in San Ramon, CA where he led the services operations of national accounts.
In the early 1990s he also held leadership roles with Health Net and managed a self-insured claims operation for a California based employer, Carter Hawley Hale.
He has served on the Workers Compensation Research Institute’s (WCRI) advisory board since 2009 and as a member of the California Workers’ Compensation Institute (CWCI) since 2010. He was recently elected Chairman of the CWCI Board of Directors in March 2014.
In 2010, State Fund began a transformation that has reduced annual fixed expenses by $300 million dollars. These savings will help State Fund maintain fair pricing and bring greater value to more California employers. The Board is confident that under Vernon’s leadership our transformation initiatives will continue to strengthen our operations allowing State Fund to become a more agile insurance carrier that provides fair prices and excellent service.
This year, State Fund is celebrating 100 years of providing California businesses with a strong and stable option for their workers’ compensation insurance. We are excited to start this new milestone in the organization’s history.
State Fund Board Chair