Legislation Targets State Fund's Pricing Practices
AB 974, authored by Anthony Portantino (D-Pasadena), aims to level the playing field for employers who obtain workers' comp policies from State Compensation Insurance Fund through a broker. Supporters of AB 974 tell the Assembly Insurance Committee that State Fund's current practice of giving a price break to direct accounts gives employers who use brokers a raw deal. What's the solution and why is it so important? How does State Fund respond? Click here to get all the Capitol action.