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SCAMS REVISITED Health insurance costs spur a new proliferation of bogus insurance companies with the usual impressive-sounding names, typically constructed to sound a lot like established carriers. Some even pay a few claims for awhile to really set the hook, operate for months or more before anyone catches on.
WORKERS' COMP: BETTER (FINALLY...) California reforms have begun to influence carriers' results. Several private insurers have entered or reentered California, offering alternatives to the state pool. Look for rate competition to ensue as more markets play.
WHAT THE LOONEY US LEGAL SYSTEM COSTS Recent study by a consulting unit of Towers Perrin puts the cost of our tort system at $260 Billion - yes, that's Billion, projected to rise to $315 Billion by 2007. This of course does not include the unknown other costs of products not made, medical costs imposed by doctors & others covering their glutius maximi, people not getting hired, etc. |