There has been much debate over the current state of workers' compensation insurance in Calififornia, especially over where rates are headed. Well, based on the article below, the good news for employers is that they are apparently not going anywhere. With losses lower than anticipated, it is likely that rates will stay level well into the new year!


WCIRB submitted its pure premium rate filing to California Insurance Commissioner Dave Jones on Aug. 21 proposing rates that averaged $2.68 per $100 of payroll, or 12.6 percent higher than the industry average filed pure premium rate as of July 1, 2012. Those rates were based on March 31, 2012 premium and loss experience. In that filing advised the rates could be amended pending the enactment of Senate Bill 863 and the receipt of insurer premium and loss experience valued as of June 30, 2012. Read more...