State Beat

  Tuesday, November 25th, 2003 Source: Claims Magazine

The bills’ supporters claim that the measures will result in an annual cost reduction of nearly $6 billion. The Workers’ Compensation Insurance Rating Bureau currently estimates that the annual cost reduction is about $4 billion. It will take time for the bills’ cost savings to be achieved, according to the Association of California Insurance Companies, an affiliate of the National Association of Independent Insurers.

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