In case you thought Barry Obama was the only one out of touch with the real world…
California Insurance Commissioner Dave Jones went against a unified front of labor and employer representatives siding with the insurance industry and the Workers’ Compensation Insurance Rating Bureau (WCIRB) in approving a 8.3% increase mid-year rate hike for California employers. Added to the 37% rate increase he approved for January, July and later renewals are facing an average rate increase of 45.3% over last year at the same time.
from http://wcexec.com/Jones-Approves-45-Workers-Comp-Hike-for-71s.aspx
emphasis added.