California’s State Compensation Insurance Fund announced an average workers’ compensation insurance rate reduction of 16 percent yesterday.

SCIP, which has half the California workers’ comp market, is one of 39 insurers that have filed rate decreases in the last 18 days since California Insurance Commissioner John Garamendi called on insurers to implement a 15.3 percent decrease in the workers’ comp pure premium advisory rate.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.