Calif. Commissioner Calls Gov.’s Appointments to State Fund Board ‘Good News’ for Businesses

California Insurance Commissioner John Garamendi released the following statement Tuesday regarding Governor Arnold Schwarzenegger’s appointments of Jeanne Cain, Kent Dagg and Vincent Mudd to the State Compensation Insurance Fund Board

This is very good news for California businesses. I am extremely pleased that the Governor has appointed three capable, knowledgeable and reform-minded individuals to the board of the State Compensation Insurance Fund. I agree with the Governor that this board must play a critical role in increasing competition in the workers’ compensation marketplace, resulting in lower costs for businesses.

“As I have said repeatedly, the creation of an efficiently and effectively run State Fund, which controls nearly 60 percent of the workers’ compensation market, is critical to every small business in California, and to the state’s economy as a whole. The Governor’s action today is a big step in the right direction.”