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California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Insurance Journal

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workerscompensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

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Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

Insurance Journal

Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workerscompensation carrier of last resort to help it make more money and plug government budget holes. Colorado Gov. The big idea is that pulling up …

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Georgia Governor Reappoints Bahl to Workers’ Comp Board

Insurance Journal

Brian Kemp has reaapointed Neera Bahl to another term on the state Board of WorkersCompensation. Georgia Gov. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals from administrative law …

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WCIRB Summarizes 2024 California Workers’ Comp Legislation

Insurance Journal

The WorkersCompensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …

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Minnesota Workers’ Comp System Stable Despite COVID-19 Impact

Insurance Journal

Workerscompensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows. The 2024 Minnesota WorkersCompensation System Report presents trend data regarding …

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Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina

Insurance Journal

EverPeak Insurance, a workerscompensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help address the difficulties that some employers face …

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WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

Insurance Journal

California workerscompensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The WorkersCompensation Insurance Rating …

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