Former Insurance Director: Impact of HB 1287 would be "Dreadful"

Philip O'Connor, the director of insurance in Illinois when the state introduced competitive workers' compensation rate making in 1982, has publicly condemned legislation that he says would return the state to the olden days when carriers couldn't compete with each other on price. O'Connor wrote in an opinion piece in Crain's Chicago Business on Wednesday that House Bill 1287, Democratic legislators' answer to Gov. Bruce Rauner's proposed workers' compensation reforms, would make the rate-making process less transparent, remove incentives for carriers...