State Fund Names New President
The State Compensation Insurance Fund on Thursday appointed James Tudor as president of the agency, the Sacramento Bee reports. Tudor, who has worked at State Fund for 35 years, was acting president for the past 18 months (Chan, Sacramento Bee, 9/15).
State Fund is a government agency, but it does not use public money and does not publicly disclose records or allow reviews by state auditors. State Fund is the largest workers' compensation provider in the nation and sells about 40% of the workers' compensation insurance policies in California (California Healthline, 8/10).
Insurance Commission John Garamendi (D) said he is "disappointed that this fund did not choose an outside executive who could bring fresh (ideas) and organizational structure to an institution that is in need of desperate change" (Sacramento Bee, 9/15).