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.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
