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Water-lawsuit judge threatens to set trial date sooner than later

CalPERS Refusal to Put Clearly Insolvent Long-Term Care Insurance Plan in Bankruptcy Increases Harm to Policyholders and Makes Board and Responsible Executives Liable

CalPERS Long Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing

Yves here. Please welcome Lawrence Grossman, who with his wife is a CalPERS long-term care policy holder. Grossman, a financial analyst, describes the extreme underfunding of this zombie program. The rate increases that CalPERS is putting through, a 900% increase over the rates charged at the outset, are wildly disproportionate to the level of any other significant long-term care program. In other words, even by the standards of an industry that is in deep financial trouble, CalPERS’ rate increases are such an outlier that it is hard to explain them solely as a result of the original underpricing. It is not unreasonable to suspect that mismanagement also contributed to this sorry outcome.

Ojai Valley News - OPINION page: City of Ventura in hot water with attorney general over water lawsuit

OVN Editorial: with attorney general California Attorney General Xavier Becerra has leaped into the water lawsuit adjudication pool with a resounding splash, ripping the proposed Physical Solution (a step, not an end, in the water adjudication process) with a letter vigorously admonishing the city of Ventura, on behalf of Fish and Wildlife and the State Water Resources Control Board. The state Department of Justice outlines the missteps of the Ventura City Council on numerous procedural issues, including the rush to judgement ahead of the Watershed Criteria Report that is to be completed this year and its modeling work in 2022; lack of transparency regarding five phantom experts; neglect to serve all parties in the case; the assumption that surface water rights can be included when they have yet to be ruled upon by the judge; a deficiency of findings to support Ventura’s claims of rights; a failure to meet requirements relevant to California statutes; the unmet burden-of-proof

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