Your workers’ compensation costs may be significantly affected by events which have occurred in the past weeks:

• Calif. Insurance Commissioner Steve Poizner announced July 7 that he was rejecting any increase for July 1, ’09 in the California workers’ compensation “pure premium rates”.  In doing so, Poizner ignored his own staff who had issued a preliminary ruling for a 13.5% increase, which was quite a bit less than the 23.5% proposed by the WCIRB.
• Poizner delayed his decision so long that insurers handling the vast majority of California’s market had already announced rate increases ranging from increases of 4% to 33%, with most in the 10% range.
• The underwriting ratio for all California workers’ compensation insurers have recently been growing more unfavorable. The following was issued 6/25/09

I have been able to help a number of companies in our area save on workers’ compensation, and if you would like to review your company’s workers’ compensation costs, experience modification or problem claims, just give me a call at 949-533-3742

Issue 33, July 2009

Quick Resources
Employers' Bill of Rights
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HR Kits for Safety and Convenience
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Case Studies
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Avoid Sexual Harassment Law Suits.
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Please call 949.533.3742 or email us to find out more about our unique approach to reducing your costs and avoiding legal trouble.