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Resource ID: #24256
Subject: Insurance
Source: Providence Publications
Affiliation: 
Date: 05/19/2009; 06/23/2009; 07/10/2009; 07/16/2009; 07/16/2009; 07/24/2009; 08/27/2009; 09/10/2009; 10/19/2009

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Description

Governor Arnold Schwarzenegger decided to sell $1 billion in assets of the State Compensation Insurance Fund in an effort to close California's enormous budget gap. Such a sale would greatly negatively effect California's workers' comp market. Additionally the sale of the assets are not returned to the policy holders and instead included in the general state budget.

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