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SACRAMENTO UPDATE - Budget Crisis – Again

from Kevin Pedrotti, Legislative Advocate for the Golden State Builders Exchanges

The Legislature and Governor passed the 2009-10 budget in February 2009, the earliest adoption of a budget in modern history. About $6 billion of the budget solutions were premised on success in the May Special Election. That’s out the window. And the continuing bad economic news since February has also increased the size of the problem.

State Supreme Court Protects Workers’ Comp Reforms

from the California Chamber of Commerce Alert Newsletter, May 2009

The California Supreme Court has denied review of a workers’ compensation case, thereby helping to solidify the 2004 California Chamber of Commerce-supported workers’ compensation reforms. The Supreme Court’s rejection of the petition for review in effect affirms a California court of appeals ruling that upheld the Legislature’s intent of containing costs through the passage of the CalChamber-supported workers’ compensation reforms in SB 899 (Poochigian; R-Fresno, 2004).

The Coming Workers’ Compensation Nightmare For Construction Trades: the New “Dual Wage” Regulation

By Gregory Osorio, ARM, Osorio Insurance Agency
 
There is a problem lurking for many contractors, it became effective January 1, 2008 and is only now beginning to manifest itself in premium audits for Workers’ Compensation policies renewing January 1, 2009 and thereafter. It is a problem that few insurance companies or insurance brokers have notified their clients abo
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