Congrats to Unions and Democrats: California's workers' comp ...

The cost of workers compensation is based on real world experience and government polices.? The higher the premiums the fewer the workers?part of the reason California has the third highest unemployment rate in the nation.

?California?s workers? compensation insurance premiums rank as the third highest in the nation, according to a study by the Oregon Department of Consumer & Business Services.

The Golden State trails only isolated Alaska ? you can see Russia from there ? and Connecticut, according to the report, which was noted Friday in Insurance Journal, an online trade publication.

Alaskan businesses pay the highest rate, $3.01 per $100 of payroll, the study reported, compared to $2.99 in Connecticut and $2.92 in California.?

During the last session of the legislature they extended and ?improved? workers comp benefits, claiming spending more will ?save? more?? This is why California stays in a Depression.

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Report: California?s workers? comp premiums are third highest in U.S.

San Francisco Business Times by Chris Rauber,? 10/19/12

California?s workers? compensation insurance premiums rank as the third highest in the nation, according to a study by the Oregon Department of Consumer & Business Services.

The Golden State trails only isolated Alaska ? you can see Russia from there ? and Connecticut, according to the report, which was noted Friday in Insurance Journal, an online trade publication.

Alaskan businesses pay the highest rate, $3.01 per $100 of payroll, the study reported, compared to $2.99 in Connecticut and $2.92 in California.

The three most expensive states clocked in at 160 percent, 159 percent and (in California?s case) 155 percent of the national median.

Also occupants of the 10 most expensive states were Illinois ($2.83 per $100 in payroll), New York (right behind at $2.82), Oklahoma ($2.77), New Jersey ($2.74), Montana ($2.50), New Hampshire ($2.40) and Maine ($2.24).

The Insurance Journal didn?t include further information or explanation, but the data clearly show that California businesses are near the top end of spectrum when it comes to forking over workers? comp premiums.

In 2010, last time this survey was done, California ranked 5th, so it?s moved up two notches in the last two years.

Chris Rauber?s beats include health care, insurance and the wine industry for the San Francisco Business Times

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Source: http://capoliticalnews.com/2012/10/22/congrats-to-unions-and-democrats-californias-workers-comp-premiums-are-third-highest-in-u-s/

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