California Insurance Commissioner John Garamendi issued the following statement regarding the pure premium advisory rate hearing held Thursday in San Francisco, called to analyze the cost savings in the recently passed Workers' Compensation legislation SB 899.
"Today, in this first day of hearings to analyze the impact of the workers' compensation reform legislation, no conclusion was reached with respect to the potential savings. The Workers' Compensation Insurance Rating Bureau confirmed that the implementation of many of the reforms will not occur this year and information we gathered t...
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