CA | Insurance Commissioner Ricardo Lara adopted and issued a rate for workers’ compensation insurance that reflects California’s still-recovering economy. Recognizing that businesses are working hard to return to a nearly pre-pandemic market but still facing economic uncertainty and continued COVID-19 disruptions, the Commissioner’s action maintains the benchmark rate at $1.45 per $100 of payroll for workers’ compensation insurance unchanged from last year and within the reasonable actuarial range proposed by other experts, effective September 1, 2022.
Subscribe to our newsletter
Get the latest posts delivered right to your inbox