Low-Priced Worker’s Comp Has Consequences

SACRAMENTO - California employers paid roughly $5.9 billion for workers' compensation insurance in 1995 --- a drop of 27% from the $7.8 billion they paid for the same coverage in 1994. According to Workers' Comp Executive, which analyzed new data filed with state regulators, the average workers' comp premium has been slashed in half from its 1993 peak.It was skyrocketing premiums that led the legislature, in 1993, to repeal industry price controls that dated back to World War I. The new low prices,