The California Labor Code allocates for "six assessment types between insured and self-insured employers in proportion to payroll for the most recent year available," according to the  Department of Industrial Relations. Assessments for the fiscal year 2023/2024 will increase by $1.7 billion for workers' comp insurers, the California Restaurant Mutual Benefit Corp. reports. (Credit: Ratana21/Adobe Stock) The California Labor Code allocates for "six assessment types between insured and self-insured employers in proportion to payroll for the most recent year available," according to the  Department of Industrial Relations. Assessments for the fiscal year 2023/2024 will increase by $1.7 billion for workers' comp insurers, the California Restaurant Mutual Benefit Corp. reports. (Credit: Ratana21/Adobe Stock)

In late November, the California Department of Industrial Relations (DIR) notified all insurers that administer workers' compensation in the Golden State that the fiscal year 2023/2024 will include billions of dollars in new assessments.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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