California’s State Compensation Insurance Fund’s board voted on Friday for a 7 percent decrease in its 2013 rates, a move that reflects State Fund’s anticipated savings from a workers’ compensation reform law set to take effect on Jan. 1, 2013.
The rate filing will apply to a rate filing that’s currently under review with the California Department of Insurance. This is State Fund’s first tiered rating plan.
When the review is complete State fund will revise its filing.
View the Original article
