Press Conference Shows Mixed Reaction to 228

California Insurance Commissioner John Garamendi yesterday hosted a press conference in the state Capitol, along with key Senators and Assemblymembers, as well as representatives of business and Labor, to commend the Conference Committee on the issuance of a workers' compensation reform report to the Legislature. At the conference, Garamendi congratulated the Conference Committee on the passage of the reform legislation, reiterating that the work will achieve a one-time savings of $5.3 billion and an ongoing savings of between $4.8-$5.5 billion. "Fully 20 percent and perhaps as much as ...