Proposed Sale of State Fund Assets Met With Skepticism
The budget revision that was passed last month included a proposal to generate $1 billion by selling part of the State Compensation Insurance Fund, California's quasi-public workers' compensation insurer of last resort. Analysts say such a sale would take years to approve because of legal challenges and questions about the role of the insurer's board in approving the sale.
- "Failure Predicted for Plan To Sell California's Workers' Comp Insurer" (Yamamura, Sacramento Bee, 8/20).