SACRAMENTO, Calif. /California Newswire/ — Governor Arnold Schwarzenegger yesterday applauded Insurance Commissioner Steve Poiznerâ€™s decision to reject the Workersâ€™ Compensation Insurance Rating Bureauâ€™s request for a pure premium rate increase that would have had an overwhelmingly negative impact on businesses, employees and Californiaâ€™s economy.
â€œSince taking office, Iâ€™ve fought to reduce workersâ€™ compensation insurance rates so that businesses can thrive and create jobs in California,â€ said Governor Schwarzenegger.
â€œOur bipartisan workersâ€™ compensation reforms have been incredibly successful in rooting out fraud and waste in the system, making sure injured workers receive quality care and maintaining a competitive market for California businesses. As I told the Insurance Commissioner in March, now is not the time to impose additional costs on employers especially given the current economic climate and I applaud him for making the right decision today.â€
Governor Schwarzenegger sent a letter to Insurance Commissioner Poizner on March 27, 2009 urging him to reject the Workersâ€™ Compensation Insurance Rating Bureauâ€™s request for a pure premium rate increase.
The Governor has a strong record of working to reform Californiaâ€™s workersâ€™ compensation system:
â€¢ In 2004, Governor Schwarzenegger signed historic workersâ€™ compensation reform legislation that has saved employers $55 billion so far and reduced rates by nearly 65 percent.
â€¢ In 2006, Governor Schwarzenegger vetoed legislation that would have undermined the bipartisan workersâ€™ compensation reforms passed by the legislature in 2004.
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