Group Recommends 24.4% Hike in Workers’ Comp Rates
On Wednesday, the Workers' Compensation Insurance Rating Bureau's governing board recommended a 24.4% rate increase for workers' compensation insurance effective July 1. On Tuesday, Gov. Arnold Schwarzenegger (R) urged state Insurance Commissioner Steve Poizner (R) to reject the recommendation before it was officially tendered, arguing that a large rate hike would have an "overwhelmingly negative impact" on state employers and workers.
- "24.4% Hike Urged in California Workers' Comp Rates" (McIntosh, Sacramento Bee, 3/19).
- "WCIRB Approves Recommended 24.4% July Workers' Comp Increase" (Rauber, San Francisco Business Times, 3/18).