Proposed hike for California workers' comp rate benchmark denied
California Insurance Commissioner Steve Poizner turned down a proposal from the Workers' Compensation Insurance Rating Bureau to increase the rate benchmark by 23.7%. Such a move would only include costs that could be avoided, and insurers should be "exhausting every available avenue to control costs before granting any increase to the benchmark," he said.
RiskandInsurance.com | 08/13
This story published in PCI SmartBrief on 08/14/2009
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