Agency wants 4.1% increase in Cal workers compensation premiums

The Workers Compensation Insurance Rating Bureau Thursday proposed a 4.1 percent overall increase in employer-paid premiums for insurance to cover work-related injuries and illnesses, thus adding another element to the Capitol's looming battle over the multi-billion-dollar program. The "pure premium rate" proposal would raise average costs from $2.41 per $100 of payroll to $2.51, and is markedly smaller than increases proposed by the private agency in years past. It's contained in a letter to Insurance Commissioner Dave Jones, who will hold hearings on the issue before making his own recommendation. Insurers, however, are free to set their own rates. (more) April 13, 2012 Sacramento Bee