Worker's Compensation Rates to Decrease 1.2% Overall

Nov 05, 2012

The Workers' Compensation Insurance Rating Bureau made its amended filing for January 1, 2013 advisory of pure premium rates. The filing recommends a 1.2% overall rate decrease. The amended filing eliminates the 12.6% increase in rates the Bureau originally said the industry needed to make up for deterioration in the claims experience, and also avoids the 9.3% increased it says in needed after assessing for the impact of SB 863 on California workers' comp cost. *Information provided by Worker Compensation Executive

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