California's state run workers' compensation insurer of last resort announced today that it will maintain its current coverage rates going into next year.
The State Compensation Insurance Fund opted to maintain its current average collectible rate level despite the Workers' Compensation Insurance Rating Bureau's filed recommendation for a 5.2 percent average rate increase effective Jan. 1, 2008.
However, it did adopt WCIRB's recommended changes to individual class loss costs, meaning that some employers may see their rates increase or decrease, although the average will remain the same.
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