The California Workers' Compensation Insurance Rating Bureau (WCIRB) is anticipated to recommend today that the previously requested 12% rate hike be rejected, and that present rates be decreased by 1%.California Insurance Commissioner John Garamendi today will take testimony regarding the WCIRB's latest rate request, as well as the WCIRB's estimate of savings from the suite of 'reform' legislation recently passed out of the legislature and pending signature with Governor Gray Davis. Some are already saying that the WCIRB's estimates are not taking into account all of the savings built into th...
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