SCF Arizona

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SCF originally was part of the Industrial Commission of Arizona. The Arizona Legislature provided seed money for SCF, which was paid back by 1938. Since that time, SCF Arizona has been funded entirely by policyholders’ premiums and by investments. SCF receives no state funds and is not tax supported.

In 1969, the Arizona Legislature separated SCF from the Industrial Commission, allowing SCF to begin operating as a private business. The Legislature continued to cut ties with SCF in 1983, when it exempted the company from following state procurement rules under Title 35.

In 1990, a further separation occurred, when the Legislature removed SCF from the state personnel and state risk management systems. And in 2004, a Maricopa County Superior Court Judge ruled that SCF’s fiduciary duty is to its policyholders and not to the State of Arizona.

SCF is fully competitive and operates under the same rules, rate structure and regulations as all private insurance companies providing workers’ compensation insurance in Arizona.

In 2007, SCF Arizona launched SCF Premier Insurance Company, a wholly owned subsidiary that gives the company more flexibility in premium rates for SCF’s largest and safest companies.

Through all the changes, SCF’s vision and mission remain focused on quality customer service to all policyholders and on providing unsurpassed excellence in workers’ compensation.

Investments

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Sources

1. Flypaper Raises $3.5 Million For Interactive Presentations (techcrunch.com) [edit]
2. flypaper.com [edit]