Viewing blog posts written by Gino DiCaro


CA work comp rates lower in 2016 but more expensive than the national average

Posted by Gino DiCaro, VP, Communications on Jan. 6, 2017

Unfortunately for California manufacturers, our state continues to be the most expensive state for workers’ compensation insurance rates at an average $3.24 per $100 in payroll.  While rates are trending downward according to the Oregon Workers' Compensation Premium Rate Ranking Summary, California's decline is not occurring quick enough or deep enough to level the playing field, despite the reforms in 2012.

Here's a look at the prmeimus by state with California's trend vs. the national average.

 

 

Link to Oregon Workers' Compensation Premium Rate Ranking Summary

 

 





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CA workers' comp premiums rise while U.S. drops

Posted by Gino DiCaro, VP, Communications on July 23, 2015

A key cost component to manufacturing is the premium paid for workers' compensation insurance.  California reformed its system in 2012 with SB 863 to try to increase benefits for permanently injured workers, as well as reign in high costs. At the time, we had the fifth highest premiums in the country. According to workers' comp experts the SB 863 reforms would create approximately $1.50 in cost savings for every $1 in benefit increases. 

This week we took a look at the trend in premium rates for California versus the country from 2010 to 2014 to see if costs were becoming more competitive. It looks like California premiums continue to rise while the national average continues to drop. 

 

Work comp premium trend CA vs. U.S. since 2010

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CA now has most expensive workers' compensation premiums

Posted by Gino DiCaro, VP, Communications on Oct. 13, 2014

According to Oregon's 2014 Workers' Compensation Premium Rate Ranking Summary, California now has the most expensive premiums in the nation.  The state averages $3.48 per $100 in payroll -- a full $1.61 higher than the national average of $1.87. You can see how each state stacks up in CMTA's chart below. You can see the write-up by CMTA's Michael Shaw here.

Work Comp rates by state chart

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