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John Garamendi

BUSINESS
November 20, 2004 | Marc Lifsher, Times Staff Writer
A federal court hearing is scheduled Monday in the long-running dispute over the failed Executive Life Insurance Co., amid reports of a possible settlement that policyholders say may cost them billions of dollars. Lawyers for French bank Credit Lyonnais and a related company are set to ask a federal judge in Los Angeles to dismiss a civil fraud case brought by state insurance commissioner John Garamendi.
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BUSINESS
November 19, 2004 | Marc Lifsher and Thomas S. Mulligan, Times Staff Writers
New York Atty. Gen. Eliot Spitzer's suit against San Diego insurance broker Universal Life Resources Inc. will continue despite the decision by California Insurance Commissioner John Garamendi to settle with the firm, a Spitzer deputy said Thursday. In separate lawsuits, Spitzer and Garamendi have alleged that Universal forced insurers to pay it millions of dollars in kickbacks for getting corporate business funneled to them.
BUSINESS
November 18, 2004 | Marc Lifsher, Times Staff Writer
California employers renewing their workers' compensation policies in the first half of 2005 would see their premiums fall by a meager 2.2% under the latest rate recommendation from Insurance Commissioner John Garamendi. Insurers aren't required to follow Garamendi's counsel on workers' comp rates, which pay for policies to cover medical treatment and disability benefits for victims of workplace injuries.
BUSINESS
November 17, 2004 | Thomas S. Mulligan, Times Staff Writer
State regulators on Tuesday urged the federal government to take a stronger hand in investigating and ending cartel-like behavior in the insurance industry, but to do so without reducing the states' traditional authority over insurance. New York Atty. Gen.
BUSINESS
November 10, 2004 | Lisa Girion and James F. Peltz, Times Staff Writers
California Insurance Commissioner John Garamendi on Tuesday dropped his opposition to Anthem Inc.'s proposed $18.4-billion purchase of WellPoint Health Networks Inc., paving the way for creation of the nation's largest health insurer. Garamendi, who four months ago called the transaction "one lousy deal for California healthcare consumers" and had used his authority to block it, said he changed his mind after Anthem agreed to make several major concessions.
BUSINESS
October 21, 2004 | Marc Lifsher, Times Staff Writer
California Insurance Commissioner John Garamendi said Wednesday that he was ready to go to court to stop illegal insurance sales practices said to affect multimillion-dollar commercial policies as well as consumer home and auto coverage. But first, he has to settle a turf battle with state Atty. Gen. Bill Lockyer.
BUSINESS
October 21, 2004 | Lisa Girion, By Lisa Girion Times Staff Writer
Regulators in three states that have approved Anthem Inc.'s proposed purchase of Thousand Oaks-based WellPoint Health Networks Inc. are raising new questions about the deal, increasing the likelihood that it may unravel. The Anthem-WellPoint deal has been in limbo since July when California Insurance Commissioner John Garamendi blocked part of it. Nine other states and Puerto Rico had already approved the acquisition that would create the nation's largest health insurer.
BUSINESS
August 26, 2004 | From Bloomberg News
California's insurance commissioner filed a motion Wednesday to dismiss an Anthem Inc. lawsuit that challenges his authority to block the company's $16.5-billion acquisition of WellPoint Health Networks Inc. Anthem sued Commissioner John Garamendi this month to overturn his finding that the WellPoint purchase would increase state healthcare costs. Garamendi says in a court filing in Los Angeles that he has the authority to block the merger. The acquisition would create the biggest U.S.
BUSINESS
August 17, 2004 | Marc Lifsher, Times Staff Writer
Facing conflict-of-interest concerns in the state Senate, Insurance Commissioner John Garamendi has withdrawn his nominee to head a state agency that oversees more than $1 billion in assets from failed insurance companies. Garamendi pulled the nomination of Fred A. Buck to the $260,000-a-year job as head of the Department of Insurance's Conservation and Liquidation Office after the Senate Rules Committee said it would take no action on the appointment.
BUSINESS
August 9, 2004 | Marc Lifsher, Times Staff Writer
Lawmakers are investigating conflict-of-interest concerns involving Insurance Commissioner John Garamendi's nominee to head a state agency that controls more than $1 billion in failed insurance company assets. Fred A. Buck's nomination as chief executive of the Insurance Department's Conservation and Liquidation Office has been stalled in the Senate since last September, when Garamendi nominated him for the $260,000-a-year post.
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