State Fund To Boost Workers’ Compensation Rates by 9%
On Thursday, the State Compensation Insurance Fund announced that in January, it will increase workers' compensation insurance rates by an average of 8.9% because of medical inflation. Last month, Insurance Commissioner Steve Poizner (R) recommended a 5% increase for workers' compensation rates. Meanwhile, the State Fund will hold its first open meeting next week to comply with new laws to boost transparency and increase corporate governance.
- "California Workers' Comp Rates To Rise Nearly 9%" (McIntosh, Sacramento Bee, 11/14).
- "State Fund Increases Transparency With First Open Meeting" (Johnson, Sacramento Business Journal, 11/13).