Calif. fund seeks 1% drop in average workers' comp premiums

11/8/2011 | Business Insurance (tiered subscription model)

The California State Compensation Insurance Fund has asked regulators to approve a rating plan expected to bring a 1% average decrease in workers' compensation premiums. The state fund intends to hold on to its overall rate level and make "rate relativity" adjustments for new and renewed policies. "This rate filing shows that we are making progress on our efficiency initiatives and have maintained strong underwriting discipline," said Tom Rowe, the state fund's president and CEO.

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