Jones Proposes Workers’ Compensation Rate Hike
On Friday, California Insurance Commissioner Dave Jones (D) recommended that insurers providing workers' compensation coverage raise average base rates for 2013 by 2.8%. According to Jones, workers' compensation insurers are paying out 116% more in claims than they are collecting in premiums. While Jones does not have the authority to set premiums, insurers generally follow his recommendations.
- "Jones Proposes Workers' Comp Premium Boost" (Walters, "Capitol Alert," Sacramento Bee, 12/3).
- "Insurance Commissioner Recommends Small Workers' Comp Rate Hike" (Johnson, Sacramento Business Journal, 12/3).