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Focus (Forum & Focus)

Jun. 8, 2007

Insurance Czar's Moves Aim to Avert Crisis

Forum Column - By James Hart - James Hart examines state Insurance Commissioner Steve Poizner's new proposal to slash workers' compensation insurance rates.

FORUM COLUMN

By James Hart

      On May 29, California Insurance Commissioner Steve Poizner issued his first advisory rate, calling for a 14.2 percent decrease in workers' compensation insurance rates paid by employers. This represents the sixth biannual decrease since 2004, a trend that reversed five previous years of rate increases (from 1999 to 2004). The rate will represent a cumulative 50 percent decrease in premiums compared t...

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