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Since partial deregulation of insurance rates in 1995, the California workers' compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic swings in insurers' underwriting profits and the share of coverage written by private...
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We analyze the relationship between insurance rate regulation, inflationary cost surges, and incentives for loss … price constraints, suggesting that rate regulation increased the frequency and/or severity of employee injuries …
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