California’s new insurance commissioner moved quickly Tuesday to force changes at the troubled State Compensation Insurance Fund, wracked by the firing of top executives, resignations of board members, conflict-of-interest questions and reports of fiscal mismanagement, the Los Angeles Times reports.

Commissioner Steve Poizner met with Gov. Arnold Schwarzenegger for 45 minutes to outline a plan for sweeping changes less than a week after a top management shake-up at the insurer, known as State Fund. It provides workers’ compensation insurance for 230,000 California employers.

“I have the clear authority to instruct any insurance company, including the State Fund, to make these changes if I come to the conclusion that policyholders could be at risk,” Poizner said. “I have enough data to take these actions.”

Problems at the state government-controlled fund have been unfolding for months. In November, two board members resigned under pressure amid conflict-of-interest allegations.

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