California's Volatile Workers' Compensation Insurance Market : Problems and Recommendations for Change

Since partial rate deregulation in 1995, the California workers' compensation insurance market has seen dramatic swings in underwriting profits and the share of coverage written by private carriers. Many insurers have failed. This book considers why and looks at the regulatory system and its response, then makes recommendations to reduce market volatility and the frequency of insolvencies while realizing the benefits of a competitive market.