Carve-Outs in Workers' Compensation: An Analysis of the Experience in the California Construction Industry

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Carve-Outs in Workers' Compensation: An Analysis of the Experience in the California Construction Industry, by David I. Levine, Frank W. Neuhauser, Richard Reuben, Jeffrey S. Petersen, and Cristian Echeverria, 2002, Kalamazoo: W.E. Upjohn Institute for Employment Research

Although the term "crisis" has been much overused in reference to workers' compensation, the description had particular resonance in 1992. Benefits as a percentage of payrolls peaked at $1.68 (the most recent figure is less than $1.10); the combined ratio had jumped 7 points to 116 in one year. Among the many states in trouble, Maine notoriously stood out for insurers' unwillingness to write new …