NU Online News Service, July 8, 4:02 p.m. EDT
California Insurance Commissioner Steve Poizner, saying there is plenty of room for private insurers to cut costs, angrily rejected an industry request for a big hike in workers' compensation rates.
Mr. Poizner turned down a request by the industry-run Workers' Compensation Insurance Rating Bureau for a 23.7 percent increase in the Claims Cost Benchmark.
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