Tag Archive for "Benchmark Rate" - Leaders' Choice Insurance

What’s Driving Continued Fall in California Rates

Posted on: August 22nd, 2018 by Leaders' Choice Staff No Comments

There could be yet another workers’ comp rate reduction coming down the pike, after California’s rating agency filed a recommendation that benchmark rates for policies incepting on or after Jan. 1, 2019 be reduced by 14.5% from Jan. 1, 2018 levels. The Workers’ Compensation Insurance Rating Bureau’s recommendation that the average benchmark rate be cut […]

Rating Agency Calls for 7.2% Workers’ Comp Rate Cut

Posted on: May 23rd, 2018 by Leaders' Choice Staff No Comments

Thanks to reforms enacted in 2014, California’s workers’ comp rating agency is recommending that the average benchmark rate be cut by 7.2% for policies effective July 1 and onward. The filing made by the Workers’ Compensation Insurance Rating Bureau is for the state’s pure premium rates, which are essentially the base rates to cover expected […]