Alice in Wonderland logic
California’s dominant workers’ compensation insurer is expected to cut its rates by only 2.9% next year, guaranteeing that most businesses won’t get much relief from soaring premiums and handing the governor powerful ammunition in his bid to revamp the troubled system one more time.
Got that? Insurers, who are currently making record profits, refuse to drop their rates in any substantive way – so this means the workers comp crisis is the fault of the people making the claims. Uh huh.