Garamendi Further Addresses SCIF Suit

Insurance Commissioner John Garamendi issued the following statement late Friday regarding State Compensation Insurance Fund's (State Fund) public release of a letter concerning its financial condition: "This is one more sign that the workers' compensation system in California is imploding. There must be reform and it must happen now, otherwise employers will continue to be faced with ever increasing premiums with no end in sight. I am fully aware of the conflict between State Fund and its auditor. I and my Department have been working with State Fund management since January to determine...