Rate Regulation Bills in CA Legislature Still Alive

While the panic over the latest California reform bill is quieting, movement continues with a couple of bills in the Legislature to regulate workers' compensation insurance rates.SBX4 16 authored by Senator Richard Alarcon (D-San Fernando Valley) passed out of the Senate Labor and Industrial Relations Committee, after seeing amendments that mandate minimum and maximum expense multipliers, and provide for the conduct of public hearings on rate regulation, including procedures for the participation of intervenors and of a public advocate to be appointed by the Governor. In addition, amendme...