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News & Press: Workers Compensation

CALPASC's Bruce Wick Provides Public Hearing Testimony on Workers' Comp Rates

Tuesday, December 4, 2018  
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CALPASC's Bruce Wick Provides Public Hearing Testimony on Workers' Comp Rates
 
Bruce testified at Insurance Commissioner Dave Jones' last public hearing on the advisory rates; and urged the Commissioner to go beyond the recommendation of the WCIRB Actuarial Committee of an average $1.68 rate, toward the public actuary proposal of $1.63. For reference, the advisory rate as of 1-1-2015 was $2.77. While these reductions are helpful, California is still the second highest average rate in the US.
 


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