The Risk and Insurance Management Society (RIMS) received 261 responses from corporate risk managers regarding the workers’ compensation system in California supporting a conclusion that California may be losing jobs as a result of the perception of its workers’ compensation situation.
The survey was sent to a wide range of manufacturers, service providers, and companies with multiple operations. The firms varied in size with a majority of one thousand to ten thousand employees and by varied geographic location with five percent located outside of the United States.
Ninety-two percent said that it costs their company more to operate in California than in any other states, leaving a perception that the California workers’ compensation system is not under control.
Almost half of the respondents believe that the current situation is a major factor in deciding to move operations in or out of California.
A full report will be available at RIMS 2004 Annual Conference and Exhibition in San Diego, California, April 18-22.
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