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Business anticipates workers' comp savings.

Publication: San Diego Business Journal
Publication Date: 26-APR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
While it's still rather vague how much businesses will actually save following sweeping workers' compensation legislation signed into law by Gov. Arnold Schwarzenegger this month, employers are eager to know how it will help their bottom line.

Recent reforms streamlining the $27 billion workers' comp system are expected to save the state's businesses a lot of money.

However, government inefficiency appears to be making it difficult to gauge the financial significance of Senate Bill 899.

The California Department of Insurance has set an April 29 hearing in San Francisco to begin assessing the financial impact.

"I do believe (the law)is written in such a way as to have a transition...

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