Doug Stewart replaces outgoing Janet Frank

State Compensation Insurance Fund’s board of directors has appointed Doug Stewart, chief risk officer, as interim president and CEO, replacing outgoing Janet Frank.

Doug Stewart joined State Fund in a consulting capacity in November 2007 and was named chief risk officer. He has around 35 years experience in the insurance industry in the areas of claims, underwriting, marketing, sales, USL&H and risk management.

Jeanne Cain, board of directors chair, said: The Board is very confident that Doug Stewart will provide solid leadership and a steady hand during this transition period. As Chief Risk Officer for the past two years, Doug has played a significant role in State Fund’s transformation and well understands our commitment to ensuring that State Fund remains a stable provider of workers’ compensation insurance and a vital asset to the state’s economy.

‚ÄúDespite the significant economic challenges facing California, State Fund remains financially strong and poised to continue providing a guaranteed workers’ compensation market to California’s businesses. Doug Stewart is ideally suited to ensure we remain on course.