SB815

From: Scott Hauge
Sent: Tuesday, September 19, 2006 4:48 PM
Subject: SB815

I know two emails in one day is awful but let me make this short. The Governor vetoed SB815. This was the bill that would double the permanent partial disability payments over 3 years. Assuming that the companies accept the Workers Compensation Insurance Rating Bureaus calculations this means policies that renew Jan 1 and later will have the January filed rates 8.3% lower than had he signed the bill. Keep in mind rates went down in July also so you will see a nice decrease in your workers comp cost at renewal assuming you have not had a lot of claims and your payroll has not increased dramatically.
For those of you that sent letters to the Governor thank you. We also need to thank the Governor for his veto.