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August 27, 2003

Comments

Doug Simpson

Thanks for the kind word and link. Garamendi had some history the first time he was elected Commissioner, following Prop. 103. At a retrospective about that initiative, the Personal Insurance Federation of California had this to say in 2001: "CDI had approximately 600 employees before John Garamendi became the first elected regulator under Proposition 103. Mr. Garamendi served as insurance commissioner from 1991-1994. During his term the department’s staff grew to more than 1,100 employees and remains at that level today. The growth of CDI’s personnel to handle the extra workload has added $40 to $50 million to the department’s budget, bringing the total annual funding for CDI to over $157 million (FY-2000 proposed budget)." Source: http://www.pifc.org/insurance/prop103.html

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