California insurers are supporting Insurance Commissioner Dave Jones's decision to recommend a 6.7 percent increase in workers' compensation rates for next year.
California's huge workers' comp system has been in flux for a number of years, and the state's combined ratio hit 140 in 2010.
While Jones' recommended pure premium rate of $2.70 per $100 of employer payroll is lower than the $2.75 recommended by the State Workers Compensation Insurance Rating Bureau, officials of the Association of California Insurance Companies (ACIC) point out that Jones' recommendation recognizes costs in the system.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
