After years of depressed pricing and a soft workers’ compensation market, prices are on the rise in many parts of the country, a trend analysts predict will continue through at least this year and probably next. The good news is …
Despite the recent enactment of this year’s workers’ compensation reform legislation Gov.-elect Arnold Schwarzenegger plans to call a special session of the Legislature Nov. 18 to tackle the issue again. The governor and politicos are aiming for further improvements to …
Calif. Gov. Gray Davis, with much fanfare and hoopla, signed this year’s workers’ comp reform package, citing estimates that the bills will wring more than $4 million in yearly costs from the California’s workers’ comp system. With state Insurance Commissioner …
With the lawmakers facing the most serious pressure in years to do something about California’s broken workers’ comp system, the state legislature earlier last month passed a six-bill armada designed to reign in system costs, drive down prices and attract …
Thanks to the legislature, the California Insurance Guarantee Association (CIGA) will stave off financial ruin by floating bonds next year. Part of the reform package passed by both houses in the Capitol includes provisions for letting CIGA float more than …
Trying to bring rate relief to California’s employers, the Legislature’s special Workers’ Compensation Conference Committee recently focused its reform aims on a magic number of $3.5 billion in savings. If they can achieve that much in savings in the system, …
