California is no longer the most expensive state for workers' compensation insurance, according to a report released by the state's Division of Workers' Compensation.
Conducted by Sacramento-based Bickmore Risk Services for the division, the study found that California now ranks behind Florida, Montana, Alaska and Texas in average filed workers' comp rates.
"The study contains positive news for the California workers' compensation system," said DWC acting administrative director Carrie Nevans. "Rates have been reduced and competition has returned to California's market."
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