Workers Comp Blog

California Workers Comp Reform

The California workers comp reform made a few years ago is saving the State hundreds of thousands of dollars. Wait, scratch that, how about over 750 million every year! That's crazy, but true according to Insurance Journal this morning. Did Jerry Brown do something that worked? It looks like his Senate Bill No. 863 that was signed on Sept. 18, 2012 is helping the California Workers' Compensation system save huge money.

So that begs the question, when money is being saved, why are business owners are facing almost a 10% increase in premiums? California as the highest premiums in the nation and they are still climbing. With the reforms, the premiums are less than they were in 2003, but there seems to be no end to growing costs.