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A Study of the Effects of Legislative Reforms on California Workers' Compensation Insurance Rates

DWC Study

Division of Workers' Compensation


Acknowledging Project Team Members

Gregory L. Trout, MPA, ARM, Mark Priven, FCAS, MAAA, Mark Ashcraft, Renee Jack, and Lucha Olguin of Bickmore Risk Services
Richard Jacobsmeyer, JD, of the law firm Adelson, Testan & Brundof
Albert Lowey-Ball, MS, MA, of Albert Lowey-Ball Associates, Inc.
Michael Banks, MBA, of the Form 10 Group
Frank Terzuoli, MBA & Beth Ann Faraguna of the Freeman Sullivan Group
Malcolm Dodge, Dira Pelmore & Carolyn Bradford of Octagon Risk Services, Inc.
Glenn Evans, FCAS, MAAA, of Pacific Actuarial Consultants, and
Steven Novak, CPCU, of Wachovia Insurance Services

In memory of L. Michael Lynch, Project Manager

Mike Lynch fulfilled his commitment to the team from submission of the proposal to establishing our study approach. He was an excellent colleague and admirable friend.

Study Sections
 
Table of Contents  
Preface  
Acronyms  
Executive Summary  
I. Background Leading to Workers’ Compensation Reform  
II. Scope and Approach  
III. Claims Savings Generated by Reforms  
IV. Effects of Reforms on Insurance Rates  
V. Effects of Reforms on Insurance Industry Surplus and Solvency  
VI. Insurance Marketplace and Competition  
VII. Adequacy and Accuracy of Rates  
VIII. Evaluation of Reforms in Other States  
IX. Evaluation of Regulatory Structure  
X. Areas of Further Research  
Appendices  
 
     
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