Governator Says No To WCIRB 30% Increase
The governator says no to WCIRB 30% increase in pure premium rates. I was surprised to see this one. I understand that Governor Schwarzenegger has always been as pro-business as possible. I cannot remember when he has offered any input into a recommended increase. Was it political in nature?

Now that California Insurance Commissioner Poizner has no immediate political aspirations, is the Governor worried that the increase will be approved in full? Could the Governor want to seem even more pro-business before an election?
I am full of questions. The one thing that I would worry about is akin to charging on a credit card all the time, but only making the minimum payments. An increase has to come along at some time. California’s Workers Comp medical rates are skyrocketing. Will this type of outlook cause a return to the 1994 insurance crisis where the State Fund ended up with most of the insureds in the state?
As promised, I am going to graph the recommended Workers Comp insurance increases by the WCIRB and the approved rates by the Commissioner over a number of years. I think everyone will be surprised.
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