Garamendi came out with a 21% figure but I think over this and next year.
With all due respect Norm the article doesn't support the comment.
Insurance Commissioner John Garamendi called Friday for workers' compensation insurance rate cuts of nearly 21 percent starting July 1..
John Garamendi may wish rates would go down by 20% and he may call for rates to go down by 20% but he can't make rates go down by 20%.
The greatest impact on curbing growing workers comp rates was due to changed guidelines from the Davis administration which took effect in January. Specifically, beginning in January, the state restricted the fees that surgery centers can charge in workers' compensation claims.
The legislation that Schwarzenegger championed will have little effect on premiums. It was correctly surmised as an effort by the governance to head off substantial reform at the ballot box in November.