Orlando, Fla.--Despite challenges over the last two years to major reforms in California's workers' compensation system, cost-saving changes will remain in place this year--barring a last-minute political deal to hike permanent disability payments, according to an industry official.
That assessment came from J. Michael Nolan, president of the California Workers' Compensation Institute, during a briefing yesterday on workers' comp reform at the annual Workers' Compensation Educational Conference here.
Mr. Nolan said that the cost of workers' comp insurance has fallen from a high of $6.45 per $100 of payroll in 2003--when the last piece of reform legislation was voted into law--to $3.75 in the first quarter of this year. He called the steady decline "an indicator the reforms are holding."
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