NU Online News Service, Nov. 19, 3:46 p.m. EDT

The benchmark rate for workers compensation won't increase anytime soon after California Insurance Commissioner Steve Poizner refused to increase the rate for a third time.

The commissioner issued his announcement today, saying that he was rejecting the rate increase submitted on behalf of insurers by the Workers' Compensation Insurance Rating Bureau that would amount to an increase of 28 percent in the benchmark.

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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.