Calif. Commish Seeks WC Rate Cut
California Insurance Commissioner John Garamendi, whoserecommendations have been largely ignored by insurers, has calledfor a fourth consecutive decrease in workers' compensation premiumrates–this time by 15.3 percent.
Mr. Garamendi's call for a reduction is only advisory, and hehas expressed concern over what he sees as insurers takingadvantage of the savings brought by reforms rather than passingthem on to their customers.
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