Workers’ Compensation Panel Recommends Rate Increase
On Wednesday, the Governing Committee of the Workers' Compensation Insurance Rating Bureau of California voted to recommend an average base rate of $2.68 per $100 for workers' compensation policies renewing or starting on the first day of 2013. The recommendation is 12.6% higher than the $2.38 per $100 average base rate that insurers filed as of July 1.
- "Rating Bureau To Recommend Raising Workers' Comp Rates" (Johnson, Sacramento Business Journal, 8/16).