Flash Report: Workers’ Comp Rate Decision

Insurance Commissioner Ricardo Lara again rejected the insurance industry’s request for an increase in the state’s workers’ comp advisory pure premium rates and approved a 3.4% decrease for rates as of September 1, 2021.

The decision is a split between the recommendations from the insurance industry, which sought a 2.7% increase, and the public members’ actuary, who recommended an 8.2% decrease. Workers’ Comp Executive will provide additional coverage.