CIGA Must Borrow to Meet WC Commitments

NU Online News Service, May 16, 3:10 p.m. EDT?The financially strapped California Insurance Guarantee Association has been given permission by Commissioner Garamendi to dip into $170 million in funds earmarked for automobile and homeowners claims in order to meet workers’ compensation obligations, according to Norman Williams, a spokesperson for the California Department of Insurance.

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