HR Management & Compliance

Workers’ Compensation: Insurance Commissioner Recommends Further Rate Reductions

Insurance Commissioner John Garamendi has announced he will recommend a
16.4 percent decrease in the workers’ compensation pure premium rate
for policies starting on or after July 1, 2006. This recommendation is
the latest in a string of recommended rate reductions since July 2003,
when workers’ comp reforms went into effect. The cumulative recommended
reductions since July 2003 now stand at just over 55 percent.

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