FOR IMMEDIATE RELEASE
The Commission on Health and Safety and Workers' Compensation
Releases the RAND/Navigant Consulting Report
"California's Volatile Workers' Compensation Insurance Market Study"
OAKLAND -- The Commission on Health and Safety and Workers' Compensation (CHSWC) is pleased to announce that the RAND/Navigant Consulting Report “California’s Volatile Workers’ Compensation Insurance Market Study” has been approved for release.
The California workers’ compensation insurance market entered a new era in 1995, when insurers were allowed far greater flexibility in setting rates. For reasons that go beyond price deregulation, the market has been very volatile since. The study identifies the different factors in the past 15 years that contributed to market volatility and a large number of insolvencies following price deregulation and suggests policy changes that can reduce the severity of these problems in the future.
CHSWC is charged with examining the health and safety and workers’ compensation systems in California and recommending administrative or legislative modifications to improve their operation. The Commission was established to conduct a continuing examination of the workers’ compensation system and of the state’s activities to prevent industrial injuries and occupational illnesses and to examine those programs in other states.
Information about the RAND/Navigant Consulting Report “California’s Volatile Workers’ Compensation Insurance Market Study” and CHSWC is available at www.dir.ca.gov/chswc and by writing to the Commission on Health and Safety and Workers' Compensation, 1515 Clay Street, Room 901, Oakland, CA 94612, by calling (510) 622-3959, by faxing a request to (510) 622-3265, or by emailing firstname.lastname@example.org.