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      • CONGRATULATIONS TO THE DISTINGUISHED
        09/28/08
        The Workers' Compensation Section of the California State Bar honored four distinguished workers compensation veterans in ceremonies in Monterey on Friday.

        The award for distinguished lifetime achievement was given to Dennis Hannigan, deputy commissioner of the Workers' Compensa

      • SCHWARZENEGGER VETOS FUNDING FOR UC LABOR CENTERS
        09/26/08
        Within the next few days it's likely that Governor Schwarzenegger will be exercising his veto on workers' comp bills on his desk.

        Bills he will probably veto deal with a permanent disability increase, requirements that utilization review doctors be licensed in California, and p

      • FLASH: TERMS OF AIG BAILOUT REVEALED BY TREASURY
        09/24/08
        Word came late Tuesday that the FBI is investigating possible fraud at AIG {as well as at Lehman Brothers, Fannie Mae and Freddie Mac).

        And late Tuesday AIG announced that it has signed a deal with the Federal Reserve Bank of New York. The terms give the U.S. taxpayer preferred shares in

      • DOES AIG DEBACLE BOOST MOVE TO FEDERALIZE INSURANCE REGULATION?
        09/23/08
        If you waded through the September 23rd Wall Street Journal coverage of the credit crisis and proposed bailout, your eye might have come to an interesting heading.

        "Insurance Companies Need a Federal Regulator".

        The authors? A bipartisan group of four from Congress.
      • GOING FISHING WITH HENRY WAXMAN
        09/19/08
        Friday in California.

        Some of you reading this may be stuck in an office, fantasizing taling the fishing gear this weekend to the nearest lake or pier.

        In Washington, a big fishing trip is about to begin.

        Led by Los Angeles Democrat Henry Waxman, a Congressional subc

      • A.I.G.? YOU NOW OWN IT
        09/17/08
        A.I.G.? You now own it.

        You, the taxpayer, own it to the tune of up to $850 per household.

        Last night the Federal Reserve struck a deal to keep A.I.G. out of bankruptcy. The Federal Reserve will loan A.I.G. up to $85 billion, giving the United States as much as an 80% equity st

      • FLASH: SENATE ADJOURNS WITHOUT CONFIRMING NEVANS
        09/16/08
        After passing a budget, the California Senate has now adjourned.

        Carrie Nevans, the AD of California's Division of Workers' Compensation, was not confirmed before the Senate adjourned.

        Without confirmation, Nevans will presumably have to step down soon. In politics, a

      • FITCH AND A.M. BEST DOWNGRADE A.I.G.: SCRAMBLE TO KEEP AFLOAT
        09/15/08
        Here's tonight's report on A.I.G. from Bloomberg.com:

        http://www.bloomberg.com/apps/news?pid=

        Clearly, parts of A.I.G. will be auctioned.

        One immediate concern is whether regulatory authorities in various states will object to transfer of assets from some

      • FLASH: AIG ON THE BANKRUPTCY BRINK?
        09/14/08
        It's a beautiful night in New York. An hour ago I was strolling in Times Square after going to the theater.

        A full moon was hanging right over the Empire State Building. You'd never know that beneath the veneer, Gotham City was in the grips of a crisis that may have far reachin

      • The Penalty Box-Part One
        09/14/08
        You're late on your mortgage payment. You owe a penalty.

        You're late on your credit card payment. You owe a penalty.

        You're late on your cell phone bill. Your service probably gets cut off.

        But if you're a California workers' comp insurer and

      • RUNNING OUT OF MONEY
        09/10/08
        Running out of money.

        No, I'm not talking about Lehman Brothers, the venerable New York
        investment bank that is teetering and "restructuring". And I'm not talking about Ford or General Motors, both of which have been burning through cash like there was no tomorrow

      • A RECALL OF SCHWARZENEGGER?
        09/09/08
        It's funny how circular life can be.

        Schwarzenegger, whose efforts to recall Gray Davis jumpstarted his political career, may now be facing his own recall.

        The California Correctional Peace Officers Association has issued a notice of intent to do just that. Whether this is

      • PIECEMEALING IT
        09/04/08
        Hopes for comprehensive healthcare reform in California in the near term crashed and burned in late 2007. Even a special legislative session failed to produce a comprehensive healthcare package.

        But-to its credit-the legislature hasn't given up. Recognizing that millions of Californi

      • WRAPPIN' IN UP
        09/02/08
        It was an interesting weekend. Those of us who hadn't previously followed Alaska politics were introduced to Sarah Palin, who has registered the name "Rouge Cou" (translated as "redneck") for a marketing venture.

        Rust belt hockey moms, NASCAR dads and Catholic wom

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