SACRAMENTO, Calif., July 10 -- The California Department of Insurance issued the following press release:
SACRAMENTO, Calif. -Taking action to preserve business' access to insurance, Insurance Commissioner Ricardo Lara todayadopted a new workers' compensation insurance average advisory pure premium rate of $1.65 per $100 of payroll, a 6.6% increase from the 2025 approved rate. This is in line with the analysis and recommendation of Department of Insurance actuaries but below the 10.4% requested rate increase of the Workers' Compensation Insurance Rating Bureau of California (WCIRB). An actuary representing public members of the WCIRB board also recommended an increase in rates.
The adopted rate is advisory, meaning that insurance companie...