Tag Archive for "Workers’ Compensation Rate Reduction"

CALIFORNIA: Bureau Recommends Workers’ Comp Rates Drop 5.4%

Posted on: August 22nd, 2019 by Leaders' Choice Staff No Comments

Workers’ compensation insurance rates will likely continue sliding in 2020 after California’s rating agency submitted its recommendation that the state insurance commissioner reduce the average benchmark rates by 5.4%. If the recommendation is approved, it will be the ninth consecutive rate decrease since 2015 (some years had two decreases), which have resulted in the average […]

What’s Driving Continued Fall in California Rates

Posted on: August 22nd, 2018 by Leaders' Choice Staff No Comments

There could be yet another workers’ comp rate reduction coming down the pike, after California’s rating agency filed a recommendation that benchmark rates for policies incepting on or after Jan. 1, 2019 be reduced by 14.5% from Jan. 1, 2018 levels. The Workers’ Compensation Insurance Rating Bureau’s recommendation that the average benchmark rate be cut […]