Commissioner Garamendi Accepts The Bureau’s Filing At His Curtain Call Hearing
“It’s been a remarkable journey,” said outgoing Insurance Commissioner John Garamendi as he bid adieu to his final workers’ comp hearing. Usually in attack mode against the industry, Garamendi was somewhat subdued, saying only that plummeting loss ratios indicate a “profitable” industry. At a gathering later on at a popular San Francisco soup kitchen, Garamendi …