This past week has unleashed a slew of articles, announcements and "official outlines" of just how the state might really sell State Compensation Insurance Fund.
It was just a couple weeks ago when the thought of selling the company was viewed more as just another Arnold threat, to be taken off the table when a budget was sent to him.
But not anymore. Over the past week has come word that an actual "game plan" has been initiated by the governor's office to explore such a sale. The plan includes specific legislation.
So WorkInjury.com has compiled a cross-section from various sources outlining the situation as it now stands:
• First, is the just-released proposed legislation from the Governor's Office, entitled State Compensation Insurance Fund
Trailer Bill Language which would be added to the Insurance Code.
To read it,
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CLICK HERE.
• Next, we have a statement from the Insurance Commissioner voicing his concern with any such proposal. In it he states that he is "troubled" by anything that would remove him from having a say in the destiny of the state's largest insurance company.
To read that, as reported by the San Francisco Business Times,
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CLICK HERE.
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• And of course we must include State Fund's comments on all this.
To read that,
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CLICK HERE.
• Finally, are two in-depth reports on the subject - one an overview from the Los Angeles Times, the other an exclusive from J. Dale Debber at WCexec.com (which first raised the seriousness of the issue).
To read the Los Angeles Times report,
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CLICK HERE.
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To read the WCexec.com article,
→
CLICK HERE.
