California workers compensation insurance companies have been passing along only about two-thirds of the costs savings they've seen in recent years, according to state insurance commissioner John Garamendi, and should further reduce their rates in the coming months.

Data collected by the California Department of Insurance, he said, shows that the costs of claims have been reduced by approximately 36.5 percent since the first legislative reforms were enacted under Gov. Gray Davis in 2003.

"The overall result of those reforms is a plunge, not a fall, not a dramatic decrease, a plunge in the costs of workers' compensation claims," said Mr. Garamendi

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.