Young: Intended Effect

What politician doesn’t want to preside over either an expanding economy or decreasing operational costs for business? That’s the position that Gov. Jerry Brown and Insurance Commissioner Dave Jones find themselves in. Jones gets to make the call as to what the “pure premium” rate for California workers’ comp insurance should be in 2017. Should it be $2.22 per $100 of payroll, as requested by the Workers' Compensation Insurance Rating Bureau? Or should it be $2.12 as suggested by actuary Mark Priven? And since it is an advisory determination anywa...