California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Share!

Insurance Journal - Jul 12, 2024

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …...

Read Full Article

Recommended Articles

How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know

Posted: Jul 01, 2025

When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripp...

Newsom Signs Bill Overhauling California’s Landmark Environmental Law

Posted: Jul 01, 2025

Gov. Gavin Newsom on Monday signed into law a bill that will remake California’s landmark envi...

Relation Insurance Acquires Oklahoma’s Advantage Insurance Group

Posted: Jul 01, 2025

Relation Insurance Services acquired the assets of Advantage Insurance Group. The transaction went i...