Minutes ago in a news conference California Insurance Commissioner Steve Poizner announced four major initiatives to reform the workers comp system, and ordered a 14.2% pure premium decrease. The Workers’ Compensation Insurance Rating Bureau called only for an 11.3% decrease. The Commissioner said that carrier loss ratios are averaging 37%. As one of his reform …
Iowa Commissioner’s Nomination Loses Steam in State Senate The nomination of the current interim commissioner of the Iowa Division of Workers’ Compensation as full commissioner is stalled in the state …
Moving quickly to fill the seat left vacant on the Workers’ Compensation Appeals Board after the departure of Merle Rabine last month, California Gov. Schwarzenegger announced the appointment of a long-time workers’ comp defense attorney as commissioner. The appointment of San Francisco native Alfonso Moresi, 60, should please employers, insurers and the defense bar. His …
We now have a new insurance commissioner. It likely will take decades before the legacy of John Garamendi, former insurance commissioner and now lieutenant governor, will be forgotten. Garamendi set …
Maryland Commissioner Asks to Be Secondary Receiver of Fremont Maryland Insurance Commissioner Steven Orr asks a judge to appoint him a secondary receiver of California-based workers’ compensation insurer Fremont Indemnity …
SAN JOSE – It was an upbeat Steve Poizner who took the oath of office moments ago as California’s fourth elected insurance commissioner. The event was attended by the Silicon Valley who’s who crowd, friends, campaign supporters, and those hangers-on, groupies and neer do wells known as the insurance industry. Poizner addressed three major areas …
The California Commission on Health and Safety and Workers’ Compensation has announced the unanimous election of Commissioner John C. Wilson, a contract accreditation consultant to the California Association of Joint Powers Authorities, as chairman for 2007. According to the CHSWC, Wilson has held positions with the California Chamber of Commerce and the California Coalition on …
SACRAMENTO – Lt. Governor Cruz Bustamante will not be spending the next four years in the California insurance commissioner’s suite. After a grueling race in which, Bustamante says, money spoke louder than words, Cruz conceded to Republican Steve Poizner in the insurance commissioner’s race last night around 9:30 p.m. While Bustamante was humble in defeat, …