Poizner Files Lawsuit To Halt Sale of Workers’ Comp Fund
On Friday, Insurance Commissioner Steve Poizner (R) is expected to file a lawsuit attempting to block a plan by Gov. Arnold Schwarzenegger (R) to sell a portion of the state workers' compensation fund to help offset a $24 billion state budget deficit. Poizner said he will ask a judge for an injunction barring the state from selling any policies from the $21 billion State Fund, which provides coverage to about 200,000 California employers.
- "California Insurance Commissioner To Fight Sale of Part of Workers' Comp Fund" (Lifsher, Los Angeles Times, 8/28).
- "Poizner Will Sue To Halt State Fund Sale" (Chang, Sacramento Bee, 8/27).
- "Calif. Insurance Commissioner Vows To Stop Sale" ("Morning Edition," NPR, 8/28).