What’s up with CA Workers Compensation in 2014?

Work Comp this year has been quite a challenge. Increases in premium have been rather prevalent for our clients. In some cases, we’ve found it advantageous price-wise to move some clients to the State Fund (SCIF). Although SCIF is supposed to be the insurer of last-resort, we’re also seeing cases where they are also the least expensive.

Legislation

SB 863, which was intended to address some of the causes of the increases in cost, was signed into law on Sept 18, 2012. A recent panel was divided as to whether or not the reforms have been successful. Some costs have seen reductions while other have not.

Articles

California leads U.S. states in workers compensation costs

http://www.businessinsurance.com/article/20141026/NEWS08/310269987

California Commissioner Wants Lower Workers’ Comp Rate Than Board

http://www.insurancejournal.com/news/west/2014/11/14/347182.htm

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