The insurance commissioner and the Work Comp rating bureau are going 15 rounds folks: (Bottom Line – your Work Comp may not be shooting up as much as you thought it was…)
Over two years in development, the California Department of Insurance just released its top to bottom review of the Workers’ Compensation Insurance Rating Bureau. The timing of the controversial release is at least interesting coming just days before Monday’s hearing on the Bureau’s rate recommendation. It will be the second such hearing and the first in history to be webcast live via Workers’ Comp Executive. The Bureau is recommending a controversial 23.7% increase, while the administration is watching its workers’ comp reform crumble along with the economy. What’s also interesting is that some of the problems identified have already been solved. Welcome to California workers’ comp politics.
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