News Digest 10/25/2006
Chicago Mayor Pledges Cooperation to Resolve Comp Scandal Although he tried to play the blame game last week, Chicago Mayor Richard Daley says he will work with political rival and …
Tagged in: reform
Cities And Counties See Millions In Savings Go Up In Smoke
Workers’ comp cost drivers in Los Angeles County are increasing by some $1.2 million annually, according to county lobbyists. The increases come as a result of public safety officers, already one of the most protected employee classes in California, receiving what some lobbyists consider to be yet another plum. Gov. Arnold Schwarzenegger signed legislation exempting …
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California Workers’ Comp Market Too Soft For New Carriers
After almost two straight years of double-digit pure premium rate decreases and amid growing concern about what the courts or legislature will do to the reforms, industry observers say that the California workers’ compensation market shows signs of losing its luster to newcomers. It’s a case of the bloom being off the California poppy. According …
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XL Too Many Bad Facts
“State Fund is committed to ensuring policyholders receive the benefits of reform legislation… .” (News release, State Compensation Insurance Fund, June 1, 2005) Although State Fund says it is living …