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Classification Changes Coming

The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee approved a plan that could have employers with payroll assigned to classification 2102 covering fruit and vegetable dehydrating operations being combined with employers that perform preserving and pickling operations. The move, if approved by Insurance Commissioner Ricardo Lara, would take effect September 1, 2026. The … Read More »

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Surface Mining, Ore Milling Operations To Remain Separate Classes

The Workers’ Compensation Insurance Rating Bureau says the workers’ comp data underlying classifications covering employers performing surface mining (1122) and ore milling (1452) have low credibility for ratemaking purposes due … Read More »

Written Premium Down, But Charged Rates Tick Up

California workers’ comp carrier’s written premium was down some 4% for the first quarter of 2025 compared to last year. At the same time, carriers’ average charged rates were up 1% — the first increase in average charged rates in over a decade (see charts). The findings are from the Workers’ Compensation Insurance Rating Bureau’s … Read More »

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Workers’ Comp Experience Deteriorates

California’s workers’ compensation industry reported an underwriting loss of $1.3 billion in 2024, as written premium dipped slightly to $15.5 billion, while losses and expenses increased. The 8.4% underwriting loss was the first by the industry since 2014. The totals compare to a 2023 pretax underwriting profit of $1.3 billion, which accounted for 8.5% of … Read More »

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280 Classes Face Major Rate Increase

Insurance Commissioner Ricardo Lara approved an 8.7% overall increase in California’s workers’ compensation advisory pure premium rates, effective September 1st, 2025 – the first rate hike in California since 2015. The increase, though, is only an average. Brokers should begin preparing clients for potentially disruptive rate increases in these classes upon their next renewal. Over … Read More »

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Here’s the Workers’ Comp Rate Hike

The first workers’ compensation rate hike in California in a decade was announced late Friday afternoon. Insurance Commissioner Ricardo Lara approved an 8.7% hike in the workers’ comp advisory pure … Read More »

Bracing for the Rate Hike Decision

Insurance Commissioner Ricardo Lara and the California Department of Insurance are reviewing and evaluating testimony by the Workers’ Compensation Insurance Rating Bureau in support of its request for an 11.2% increase in the September 1st, 2025, advisory pure premium rates. They are weighing it against a competing proposal recommending an 8.1% increase that was developed … Read More »

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Surprises in Workers’ Comp Market Share Numbers

California market share totals for 2024 show a new entrant among the 10 largest workers’ comp carriers in the state, while another group moved up two slots in the rankings to become California’s third-largest workers’ comp carrier. One carrier wrote ten times what it did in 2023. Beyond these moves, however, the top of the … Read More »

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