Actuarial Firm Wins Contract To Examine Effect of Workers’ Compensation Legislation
Bickmore Risk Services on Monday announced that it has won a $767,000 state contract to study whether changes to the state workers' compensation insurance system have lowered rates and increased competition, the Sacramento Bee reports. The study will not examine the adequacy of benefits but will analyze workers' compensation claims.
A team of 20 specialists from Bickmore -- the state's largest independent full-service provider of actuarial, risk management and program management services to insured and self-insured employers -- will analyze whether various measures -- including AB 749, AB 227, SB 228 and SB 899 -- have helped lower rates. Principal consultant Gregory Trout will lead the study.
The study will be completed by December and will be delivered to:
- Gov. Arnold Schwarzenegger (R);
- the Legislature;
- Andrea Hoch, director of the Division of Workers' Compensation; and
- Insurance Commissioner John Garamendi (D).