Davy Jones Monkeys with Worker Comp Rates

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.