Outgoing California Insurance Commissioner John Garamendi said yesterday workers' compensation insurers are not passing on savings from legislative reforms to employers so he is recommending a 9.5 percent rate cut.
The cut he is calling for is -3.2 percent deeper than the -6.3 percent recommended by the insurance industry financed Workers' Compensation Insurance Rating Bureau.
Mr. Garamendi, who did not seek reelection and instead is the Democratic candidate for lieutenant governor, also urged making the system more helpful to injured workers.
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