State's Comp Costs Up 42.6% since 2008

Workers' compensation costs incurred by the state of California were 42.6% higher in the 2012-2013 fiscal year than in 2008-2009, Gov. Jerry Brown said in his latest budget proposal.A section of the budget proposal titled, “Statewide Issues and Various Departments” says cumulative workers' compensation costs were about $460 million in the fiscal year ending in 2009 and increased to $656 million in the fiscal year ending in 2013.“Departments have largely absorbed these costs over the years; however, as costs continue to rise, some departments are finding it more diffic...