As the Market Turns

Prices up 20+ Percent

By: Workers' Comp Executive - The journal of record for the workers' comp community in California.

SACRAMENTO -- After 1/1 renewal dust settles brokers up and down the state report that prices on average are up about 20 percent.The good and large accounts have seen smaller rate hikes in general, while some small to medium accounts have seen price increases in the 30 to 40 percent range, brokers report. In other words, the industry has managed to push prices upwards, both California specialty and large national carriers.As reported in the Jan. 5 issue of the Executive, most mainstream carriers

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