Tuesday, May 29, 2007

Worker's Comp Update: Insurance Commissioner Steve Poizner Unveils Reform Package for Workers' Comp System

SACRAMENTO - Insurance Commissioner Steve Poizner today unveiled a series of reforms to address systemic and structural deficiencies in California's workers' compensation system. Citing a vibrant and profitable workers' comp market, Commissioner Poizner also called for an additional 14.2 percent decrease in workers' compensation pure premium rates. This advisory recommendation is used by the workers compensation insurance industry as a benchmark for filing its rates.

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