Governor’s Workers Comp. Proposal May Drive Up Rates 6/26/09

The governor wants to help reduce the state’s $24-billion budget deficit by giving private insurers a chance to buy about half of customers' policies at the State Compensation Insurance Fund, which covers175,000 nonprofits and small businesses. Opponents fear that selling the nonprofit company's least risky policies could cause the price of workers' comp coverage to skyrocket for employers that stay with State Fund. Details: http://www.latimes.com/business/la-fi-statefund25-2009jun25,0,5797085.story