Workers' comp rates could rise 10 percent in second half

May 14, 2002
California businesses could be hit by a 10.1 percent hike in workers' compensation insurance premiums in the second half of this year if a proposal is approved by the state Department of Insurance.
At a hearing Tuesday in San Francisco, the Workers' Compensation Insurance Rating Bureau, the statistical agent of the state agency, said workers' comp rates have not kept pace with insurers' losses.
"The losses are at unprecedented levels," said Robert Mike, the bureau's president.