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Calif. Regulator Says Nix To Comp Hike

California Insurance Commissioner Steve Poizner said yesterday he is rejecting a request for an increase in the advisory rate he issues for workers' compensation insurance coverage, which will remain

By Matt Brady | Updated on November 29, 2007

California Insurance Commissioner Steve Poizner said yesterday he is rejecting a request for an increase in the advisory rate he issues for workers’ compensation insurance coverage, which will remain unchanged.

Mr. Poizner said the sector needs no change in rates to make money.

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