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Insurance: Poizner cautions against workers’ comp increases
November 16th, 2009Also: U.S. Labor rule would stop collection of genetic information
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Threatened rate hikes, bills, court cases loom over workers’ comp
October 25th, 2009NORTH BAY – October has been a time of change for the state workers’ compensation system, foreshadowing a shift in rates, losses and regulation.
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Workers’ comp carriers losses hit telling ’100′ ratio
September 7th, 2009CALIFORNIA – Workers’ comp carriers charged less than they paid in claims last year and should increase rates by 22.8 percent, according to the most recent report by state actuaries. This “magic loss number,” not breached since before the 2004 reforms, is just one of many signals that carriers should have long ago increased the price of policies, but their slow reaction is typical of California insurers, according to local brokers.
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