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Wednesday, June 24, 2009

California Governor Reportedly Wants to Sell The State Insurance Fund

California, with post reform claim decreases and facing an increase in workers' compensation premiums rates,  reportedly wants to get out of the insurance business. The San Francisco Business Times is now reporting that the Governor is attempting to sell the State Insurance Fund for $1 Billion.  The profits received are anticipated to help fund the State's budget gap.

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