Board Appointments Give Schwarznegger SCIF Reform Chance

Sunday's Los Angeles Daily News ran a headline article stating that California Insurance Commissioner John Garamendi feels that an upcoming change to the Board of Directors of State Compensation Fund is an opportunity for Governor Arnold Schwarzenegger to significantly impact overall workers' compensation rates. Because SCIF writes well over 50% of the state's present work comp book, Garamendi feels that SCIF is able to dramatically influence rates, and that because two of the five Board members are up for gubernatorial grabs shortly, Schwarzenegger may be able to influence where SCIF's rates...