California regulator declines workers'-comp rate increase
California Insurance Commissioner Steve Poizner did not approve a request from the Workers' Compensation Insurance Rating Bureau for a 23.7% rate hike recommendation. Insurance providers would not need any increase because employers could use specific pharmacy networks to reduce medical expenses tied to work-related injuries, he explained. Although carriers could still establish their own rates, Poizner said he hopes employers will follow his recommendation and seek better coverage options.
Business Insurance | 07/08
This story published in PCI SmartBrief on 07/09/2009
Proposed hike for California workers' comp rate benchmark denied
Friday, August 14, 2009
California regulator disputes proposed workers' comp rate hike
Thursday, August 13, 2009
Workers'-comp costs in Montana among highest in U.S., study finds
Monday, July 13, 2009
|
PCI SmartBrief
Designed specifically for property casualty insurers, PCI SmartBrief is a FREE, daily e-mail newsletter. By providing the latest policy and legal news, insurance trends and information, PCI SmartBrief saves you time and keeps you smart. Learn more |
|