Committee Passes SIBTF Bill Amid Competing Reform Proposal

The Assembly Insurance Committee on Wednesday advanced a bill to overhaul the state's second-injury fund, opting to move a measure the governor has already vetoed as a counterweight to reforms the administration is pursuing through a budget trailer bill. While lobbyists for employers championed the governor's plan as the best way to address nearly a decade of rapidly escalating costs, supporters of AB 1576 said their bill includes a series of smaller changes to control rising Subsequent Injuries Benefits Trust Fund costs without gutting the program. AB 1576, by Assemblymember Li...