North Bay Business Journal

  • Workers’ comp carriers losses hit telling ’100′ ratio

    September 7th, 2009

    CALIFORNIA – Workers’ comp carriers charged less than they paid in claims last year and should increase rates by 22.8 percent, according to the most recent report by state actuaries. This “magic loss number,” not breached since before the 2004 reforms, is just one of many signals that carriers should have long ago increased the price of policies, but their slow reaction is typical of California insurers, according to local brokers.

  • Brokers warn of higher comp rates

    February 2nd, 2009

    CALIFORNIA – The four-year decline in workers’ compensation insurance rates, which dropped another 18 percent last year, is showing early signs of a halt in 2009, according to North Bay brokers who warn that a dramatic swing could come fast and without warning.

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