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Comp Rates In Calif. Drop 32%

However, he noted that decreases in the actual rates charged to employers still fall far short of the commissioner's non-binding recommended rates. The California Workers' Compensation Insurance Ratin

By Staff Writer | Updated on January 13, 2006

Rates filed by workers’ compensation insurers in California have fallen 37.7 since legislative reforms took effect in 2004, Insurance Commissioner John Garamendi reported yesterday.

However, he noted that decreases in the actual rates charged to employers still fall far short of the commissioner’s non-binding recommended rates. The California Workers’ Compensation Insurance Rating Bureau reports that actual rates charged to employers by insurers decreased by 32 percent between January 2004 and Sept. 30, 2005.

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