In California, 2007 was generally a year of transition in California workers’ comp. Some old cases are being played out under a mixture of old and new rules. But for many workers, the 2003 and 2004 reforms are controlling. Insurers are very happy with the results, as are most large employers and self-insured groups. Meanwhile,
Lacking lawyers, justice is denied. That’s the title of a major piece by Daniel Costello in yesterday’s Los Angeles Times. Costello examines the effects of the 1975 cap on California medical malpractice awards known as MICRA. MICRA (the Medical Injury Compensation Reform Act) puts a $250,000 limit on awards for non-economic damages (such as pain
In an advisory rate finding decision sure to please California employers, Insurance Commissioner Steve Poizner yesterday rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that insurers increase comp rates. You can see the decision here:http://www.insurance.ca.gov/0400-news/0 … /Decision_ The WCIRB’s forecasts have often been way off the mark. They’re a gang that can’t shoot straight. Once
SCIF’s Monday announcement that it will not be increasing its comp rates at this time puts added focus and pressure on Steve Poizner. The State Compensation Insurance Fund announcement follows rate filings by a number of insurers (including Chubb) who plan to reduce comp insurance rates even further. The Workers Compensation Insurance Rating Bureau has
Human behavior is a fascinating thing. People lining up in the dead of night outside electronics stores for a chance to stampede for teaser deals. Long haul truckers taking philosophy classes downloaded into their iPods off of iTunes. We’re all writers and editors now. There’s an encyclopedia-Wikipedia.org-that everyone, everywhere is free to create and edit.