Rating Bureau Recommends Another Rate Decrease, Albeit Slight

The Workers’ Compensation Insurance Rating Bureau of California will ask for a benchmark rate increases of 0.1% for policies incepting on or after Jan. 1, 2018. In light of the insurance commissioner approving a 7.8% decrease for July 1 of this year, the benchmark rate for 2018 policies will be nearly 8% less than it was at the start of 2017.

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