Report: Calif. Workers’ Compensation Rates Third Highest in U.S.
Workers' compensation insurance premiums in California are the third highest in the U.S., according to a report from the Oregon Department of Consumer & Business Services, the San Francisco Business Times reports (Rauber, San Francisco Business Times, 10/19).
A summary of the study was posted online earlier this month. The full report will be published early next year.
The study ranked all 50 states and the District of Columbia based on premiums that were in effect Jan. 1, 2012.
ResearchersÂ calculated premium ratesÂ based onÂ a standard calculation of the 50 industries with the highest workers' compensation claims costs in Oregon.
According to the study, Alaska has the highest workers' compensationÂ premiums in the U.S., followed by Connecticut. It found that North Dakota has the lowestÂ premiums (Oregon DCBS release, 10/10).
California's rate of insurance premiums is $2.92 per $100 of payroll, representing 155% of the national medium.A 2010 report by theÂ Oregon DCBS ranked California 5th in the U.S. for workers' compensation premiums (San Francisco Business Times, 10/29). This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.