California Insurance Commissioner John Garamendi will hold two press conferences today to announce a reduction in workers' compensation pure premium advisory rates for 2004.The DOI did not, in its press releases, state what the reduction would be, though earlier this week Garamendi took testimony from rate making actuaries indicating that rates could be reduced between 2.9 to 5.3 percent.Garamendi will also use the pulpit to further promote his plans for workers' compensation reform, which the legislature earlier this year adopted almost verbatim, and of which Governor-elect Schwarzenegger is ...
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