Workers' Comp Group Wants Calif. Employer-Paid Rates Up 4%

Law360, New York (April 13, 2012, 7:49 PM EDT) -- The Workers Compensation Insurance Rating Bureau on Thursday proposed a 4.1 percent hike in premium rates covered by California employers for work-related injuries, an increase the group says is a reflection of heightened loss adjustment expenses.

The bureau proposed to the California Department of Insurance an average $2.51 rate to go into effect on July 1, up from the $2.41 premium rate that began on the the first of the year.

“The proposed change in advisory pure premium rates is the result of continued adverse loss...
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