Possible 22.8% Rate Increase for California Workers’ Comp
The Workers' Compensation Rating Bureau of California has said that it will recommend a 22.8% increase to workers' compensation premium rates across the state. If approved, the increase will go into effect on January 1.
Rising medical expenses were cited as a reason for the recommendation. However, Insurance Commissioner Steve Poizner has said that insurance providers are inefficient in controling costs and that the last recommended increase was unnecessary.
If you need help with workers' compensation, contact the Raleigh workers' compensation lawyers of Scudder & Hedrick, PLLC at 919-851-3311.