Tuesday, June 30, 2009
CA: Commissioner Poizner Questions Governor's Plan to Sell Part of Insurance Fund
In response to Gov. Arnold Schwarzenegger's proposal to sell off a $1 billion portion of California's State Compensation Insurance Fund, Insurance Commissioner Steve Poizner issued a 16-point response -- a lengthy list of questions for lawmakers to consider before partially privatizing the fund.
"A hasty or ill-considered sale could wreak havoc on the already volatile workers' compensation market," Poizner said in a statement. "State Fund has a unique role as both an insurer that provides competitive rates and one that insures much of California's small businesses and others who cannot find insurance in the private market. ... Any sale would have ramifications throughout California's business community, affecting the availability and cost of workers' compensation insurance for all California's employers..."
INN: CA: Commissioner Poizner Questions Governor's Plan to Sell Part of Insurance Fund
"A hasty or ill-considered sale could wreak havoc on the already volatile workers' compensation market," Poizner said in a statement. "State Fund has a unique role as both an insurer that provides competitive rates and one that insures much of California's small businesses and others who cannot find insurance in the private market. ... Any sale would have ramifications throughout California's business community, affecting the availability and cost of workers' compensation insurance for all California's employers..."
INN: CA: Commissioner Poizner Questions Governor's Plan to Sell Part of Insurance Fund
Permalink posted by markw @ 5:24 AM 
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