Business News
Insurance Commissioner Dave Jones released on Monday the savings and cost analysis of the workers’ compensation reforms introduced in SB 863, co-authored by Senator DeLeon and Assembly Member Solorio.
Commissioner Jones requested the California Workers’ Compensation Insurance Rating Bureau (WCIRB), which is licensed by the Department of Insurance and is the sole rating organization for all California workers’ compensation insurance companies, to review the reform proposals and determine the costs and savings achieved by the bill to support needed increases in permanent disability benefits to injured workers.
“The analysis by the WCIRB indicates that SB 863 has cost savings that significantly offset the costs of providing needed increases of permanent disability benefits for California’s injured workers,” said Commissioner Jones.
“I remain concerned about continued rising costs in the system, however, particularly medical costs and the expenses to adjust workers’ compensation claims, and encourage all stakeholders to look for additional ways to reduce system costs,” he added.
View the entirety of the WCIRB's report and its analysis of SB 863's savings and costs at http://www.insurance.ca.gov/0400-news/0100-press-releases/2012/upload/nr109-2012WCIRBEval.pdf .
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LAKEPORT, Calif. – The Thrive Lake County LION (Local Investing Opportunities Network) will meet on Wednesday, Sept. 12, from 5:30 p.m. to 7:30 p.m. at the Lakeport Senior Center, 527 Konocti Ave. in Lakeport.
Any local investor or local business owner is invited to attend.
They will get acquainted with each other, learn more about how a LION works, start the process of understanding how to evaluate risk and learn what to ask for from a prospective business investment partner, and hear presentations from several local entrepreneurs.
If you’re a business owner and would like the chance to share your opportunity at this meeting, visit http://thrivelakecounty.org/call-for-presenters.html . They will select from those who reply to the questionnaire that will be found there.
Do you have $10 you can put toward a local business? If so, you’re an investor. Come meet other movers and shakers in our community who will transform our local economy from the ground up.
Admission is $5 to cover cost of refreshments.
For more information, send an email to
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