We are seeing mostly rate increases and a lot of carriers filing to adopt the new California WCIRB Pure Premium Rate Filing Decision (PPRs). We’re also seeing mostly increases in the loss cost modifiers which will effect ultimate rates. The following are California rates changing in January through March. If you are looking to switch to another insurance carrier request your workers compensation insurance quote and we will provide you with a competitive offer. Preferred Professional Ins Co files a +9.8% rate increase effective January 1, 2015 Preferred Professional Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.
[AMERICAN CONTRACTORS INS GROUP] ACIG Insurance Company files a 4.95% rate increase effective January 1, 2015 ACIG Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.
[STATE FARM GROUP] State Farm Fire and Casualty Company files a +2.4% rate increase effective January 1, 2015 State Farm Fire and Casualty Company files to adopt the 1/1/15 WCIRB pure premiums, and revise its minimum premiums. Care West Insurance Company files a +2.3% rate increase effective January 1, 2015 Care West Insurance Company files to adopt the 1/1/15 WCIRB pure premiums.Read More »Workers Compensation Rate Increase in California
Personal auto insurance companies increased their rates by an average of 2.1% countrywide in 2014, according to California-based insurance consulting firm Perr & Knight’s RateWatch reports.