Garamendi Puts the Brakes on SCIF

California Insurance Commissioner John Garamendi released the following press statement clarifying his proposals to fix the State Compensation Insurance Fund:"Last week, I outlined my plan to address the serious crisis in the $15 billion California workers' compensation system The premium costs to employers are out of control and will continue to spiral upward unless legislative and regulatory action is taken immediately. The legislative action is needed to control medical costs, create uniformity and certainty in permanent disability benefits, reduce litigation, and establish standards of con...