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Pennsylvania State Workers' Insurance Fund
The Department of Labor & Industry (DLI) administers benefits to unemployed individuals, oversees the administration of workers' compensation benefits...
Pennsylvania State Workers' Insurance Fund
The Department of Labor & Industry (DLI) administers benefits to unemployed individuals, oversees the administration of workers' compensation benefits to individuals with job-related injuries, and provides vocational rehabilitation to individuals with disabilities.
General information
Firm type
Insurance
Year founded
1913
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Scranton
Corporate office
Scranton, PA, United States
Additional offices
Harrisburg, PA
Principals
Nancy Walker
Secretary of Labor & Industry and Board Member
Stacy Garrity
State Treasurer and Board Member
Michael Humphreys
Insurance Commissioner and Board Member
Frequently asked questions
Who sits on the board overseeing the Pennsylvania State Workers' Insurance Fund?
The State Workers' Insurance Board oversees SWIF. Known board members include Pennsylvania Department of Labor & Industry Secretary Nancy Walker, State Treasurer Stacy Garrity, and Insurance Commissioner Michael Humphreys. This places key state financial and labor officials directly in a governance role over the fund's operations.
What is the Pennsylvania State Workers' Insurance Fund's mandate?
SWIF serves as the workers' compensation carrier of last resort in Pennsylvania. Employers who cannot secure coverage from a private commercial insurer are guaranteed a policy through the state fund. Its existence is defined by this statutory safety-net function rather than by standard competitive-insurer underwriting criteria.
How does SWIF invest its assets?
Publicly available information indicates a fixed-income portfolio managed out of Harrisburg, consistent with the liability-matching needs of a workers' compensation insurer. No direct equity, venture, or alternative-investment programs are disclosed. An allocator engaging SWIF would likely find a conservative, duration-focused mandate.
Does the Pennsylvania State Workers' Insurance Fund co-invest or commit to external private funds?
There is no public indication that SWIF participates in co-investments, venture funds, private equity, or hedge fund commitments. Its investment posture appears limited to fixed-income holdings that support insurance obligations, similar to other state-operated guarantee funds.
How is SWIF accountable to the public?
SWIF operates as a division of the Pennsylvania Department of Labor & Industry. Its board includes elected and appointed state officials — the Secretary of Labor & Industry, the State Treasurer, and the Insurance Commissioner — providing direct public-sector oversight. Financial and operational reporting flows through the Department.
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