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Once again, anyone remember the work comp debacle in the 90\’s, you have ruined a working system as you are about to leave office. I cannot wait to subsidize poor drivers by paying additional premiums, assuming that coverage will be available from standard insurers.
Enjoy retirement John. Go back to your ranch and shovel the BS that you have been throwing around the DOI your entire career.
John Garimonkey: Mental Giant, Political Altruist, Defender of Insurance Fairness and the Free Market. Yeah, right………
Remember his ever-so-skilfull management of the workers comp market collapse. Remember the Executive Life negotiation debacle. All on his watch.
Just wait for the new business auto moratoriums by all but AAA & USAA, while those carriers buckle under the weight of public demand when others have stopped accepting new business.
It\’s another fine day in California\’s political jungle as Garimonkey stirs the political pot.
Oh, but he\’s not retiring! He\’s running for Lt. Governor. WooHooie!
Since nature abhors a vacumn and the premium balance must come from somewhere, I wonder where Quackamendi thinks the $$ are coming from? He can pay the difference on my premiums when they go up, I\’ll be glad to send the bill. The vacumn between his ears appears to be filling, however….with air!!!
Mr Garemendi indicates he is enforcing the will of the voters. Let\’s not forget that the vote which was nearly 20 years ago was tainted by a false promise of a 20% cut in all property and casualty rates. Despite the healthy \”bribe\” Prop 103 passed by the slimmest of margins. Perhaps it is time to ask the voters again if they want to build a heavily subsidized system like Massachusetts or they would prefer the guarantee of market and cost stabilization that only a competitive market can deliver. Prop 103\’s draconian regulatory schem has cost Californians $ billions over what the competitive market of the 70 & 80s deliver. perhaps they should be given a choice again. . . without the bribes this time!