Large Percentage of RIMS Members Surveyed View Calif. Workers’ Comp ‘Not Under Control’

The Risk and Insurance Management Society (RIMS) received 261 responses from corporate risk managers regarding the workers’ compensation system in California supporting a conclusion that California may be losing jobs as a result of the perception of its workers’ compensation situation.

The survey was sent to a wide range of manufacturers, service providers, and companies with multiple operations. The firms varied in size with a majority of 1,000 to 10,000 employees and by varied geographic location with five percent located outside of the United States.

Ninety-two percent said that it costs their company more to operate in California than in any other states, leaving a perception that the California workers’ compensation system is not under control.

Almost half of the respondents believe that the current situation is a major factor in deciding to move operations in or out of California.

A full report will be available at RIMS 2004 Annual Conference and Exhibition in San Diego, April 18-22.