What's happening with costs and what to do about them: workers compensation coverage has gotten more difficult to obtain, and costlier, in the past couple of years. Companies need to focus on the source of costs and on financing structures.(workers compensation) From: Financial Executive | Date: November 1, 2003| Author: | COPYRIGHT 2003 Financial Executives Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

You don't typically expect to see newspaper headlines about workers compensation, an insurance product designed to help employers fulfill their legal obligations to provide medical care and income for employees injured at work.

Lately, though, workers compensation has received considerable media attention, particularly in California--where it was part of the gubernatorial debate--and Florida. The situation in California is fairly chaotic. Average rates for many employers increased over 50 percent in the last two years, a number of insurers restricted their operations or ...

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