May 27, 2004 |
Woodland Hills-based Zenith National Insurance Corp. said Wednesday that it would cut premiums on its workers' compensation policies by 10% this year, reflecting expected savings from the recent overhaul of the state's system for treating injured workers. The rate cuts, just submitted to the state Department of Insurance, are "a measured and gradualistic response" to the overhaul bill signed by Gov. Arnold Schwarzenegger on April 19, Zenith President Stanley Zax said in a statement.
September 29, 2006 |
Insurance Commissioner John Garamendi said Thursday that he expected to recommend that insurance companies cut workers' compensation premiums by an additional 6.3% in January. The proposed cut would be the latest in a series of premium reductions after a 2004 legislative overhaul that stripped billions of dollars from the cost of the state's program for helping injured workers.
August 28, 2005
Before anyone gets carried away over "Stronger Rules Sought on Association Health Plans" (Aug. 17), let me advise them to consult with the people at the epicenter of the healthcare crisis and not some self-appointed consumer group in Santa Monica. The healthcare crisis in America begins with Main Street small businesses. Only 41% of firms with between one and nine employees offer health benefits, compared with 99% of large firms that do, according to studies by the NFIB Research Foundation and the Kaiser Family Foundation.
December 2, 1993 |
In a move predicted to save the state's employers as much as $1 billion, Insurance Commissioner John Garamendi on Wednesday slashed by 12.7% the base rate for workers' compensation coverage--the biggest reduction of its kind ever in California. Although they welcomed the announcement as a sign of improvement in the state's business climate, some insurers and business associations expressed skepticism about how much premiums actually will drop.
December 17, 2002 |
For the first time in seven years, most businesses in California will pay more in unemployment insurance premiums in 2003 as the state's weak economy has put a strain on the employer-funded program that offers benefits to jobless workers.
October 24, 1991 |
The president of a Los Angeles-based health care foundation has taken the first step toward placing an initiative on the 1992 state ballot that would direct the Legislature and the governor to adopt a program providing health insurance for all Californians.