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Politics : Arnold for Governor! -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (509)	10/9/2003 9:27:56 AM
From: mph	Read Replies (1) \| Respond to of 773

imo, that story underscores exactly why Arnold won.

To: Alan Smithee who wrote (509)	10/9/2003 9:59:52 AM
From: hueyone	Respond to of 773

Lawyers are working hard to drive Workers Compensation payments up. And in addition, as the article noted, insurance companies are trying to recover money from bad investments by raising workers compensation rates. Worker's Comp rates have tripled over the last few years. California's system was originally designed to be "no-fault," but lawyers swoop in whenever there's a dispute, says Richard Galanti, chief financial officer of Costco. He says California rules have resulted in injured workers visiting the chiropractor two to four times as often as those suffering the exact injury in other states. Premiums also are escalating because of poor investment decisions by insurance companies, where more money was lost in dot-com investments than in other states.