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Article: INSURANCE COMMISSIONER POIZNER ANNOUNCES 10 PERCENT PERMANENT CUT IN DEPARTMENT'S OPERATING BUDGET
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 13, 2009
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The California Department of Insurance issued the following press release:
Insurance Commissioner Steve Poizner announced today that he will permanently reduce the size of the Department of Insurance's discretionary budget by 10 percent.
"When I took office, CDI had a multi-million dollar structural imbalance and I was advised to raise insurance fees to address this problem," said Commissioner Poizner. "Instead, we undertook a detailed analysis of the Department's operational structure with the goal of right-sizing, streamlining operations and increasing efficiencies. This is common practice in the private sector and I believe it should be applied in government as well. The end result of ...