Thank you for sharing!

Your article was successfully shared with the contacts you provided.

State Funds Reserves Worry Garamendi The loss reserves of the California State Compensation Insurance Fund could be as much as $800 million short, Californias Insurance Commissioner John Garamendi implied last week, citing the existence of an estimate determined by the State Funds auditor.

Mr. Garamendi spoke to National Underwriter about the reserving issue in the wake of a lawsuit filed against him and his department by the San Francisco-based State Fund.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.