Research Catalog

Title

California's volatile workers' compensation insurance market : problems and recommendations for change / Lloyd Dixon, James W. Macdonald, William Barbagallo.

Author

Dixon, Lloyd S.

Publication

Santa Monica, CA : Rand, 2009.

Items in the Library & Off-site

Details

Additional Authors

• Macdonald, James W.
• Barbagallo, William.
• Rand Center for Health and Safety in the Workplace.

Description

xl, 124 p. : ill.; 26 cm.

Summary

Since partial deregulation of insurance rates in 1995, the California workers' compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic swings in insurers' underwriting profits and the share of coverage written by private insurance carriers, and a substantial number of insurers, including some of the largest market participants, have failed. The price that California employers have paid for workers' compensation insurance has been volatile since 1995 as well, continuing the considerable variation that occurred in earlier years. This book identifies and examines factors that contributed to the market volatility and the large number of insolvencies following price deregulation. It also examines the regulatory system that oversees the workers' compensation market and how the California Department of Insurance responded to the market turmoil that followed the move to open rating. It makes recommendations that aim to reduce market volatility and the frequency of insolvencies while realizing the benefits of a competitive market.

Series Statement

Rand Corporation monograph series ; MG-949-CHSWC

Uniform Title

Rand Corporation monograph series.

Subject

Workers' compensation > California

Note

• "Prepared for the Commission on Health and Safety and Workers' Compensation; Rand Center for Health and Safety in the Workplace."

Bibliography (note)

• Includes bibliographical references.

Call Number

JBF 10-289

ISBN

• 9780833049216 (pbk. : alk. paper)
• 0833049216 (pbk. : alk. paper)

LCCN

2009047924

OCLC

488730854

Author

Dixon, Lloyd S.

Title

California's volatile workers' compensation insurance market : problems and recommendations for change / Lloyd Dixon, James W. Macdonald, William Barbagallo.

Imprint

Santa Monica, CA : Rand, 2009.

Series

Rand Corporation monograph series ; MG-949-CHSWC

Rand Corporation monograph series.

Bibliography

Includes bibliographical references.

Connect to:

Link to electronic resource

Added Author

Macdonald, James W.

Barbagallo, William.

Rand Center for Health and Safety in the Workplace.

Other Form:

Online version: Dixon, Lloyd S. California's volatile workers' compensation insurance market. Santa Monica, CA : Rand , 2009 9780833049216 (OCoLC)601764054

Research Call Number

JBF 10-289