California Workers’ Compensation Insurers Ask for Average 4 Percent Increase

Workers compensation insurance rates will be on the rise in 2010. Every business in California needs to be prepared for increasing rates in all lines of insurance. Contact us at Park Family Insurance, so that we can help you find the best value for you insurance dollar.

“This is great news for the small business owners across our state and proves that the double-digit increase I rejected was flat-out unwarranted,” said Insurance Commissioner Steve Poizner. “It’s unfair for the insurance industry’s inefficiency to lead to higher rates for employers who are struggling during the recession. This latest data reinforces my view that when forced, insurance companies have found a way to use tools already available to them to reduce costs and minimize rate changes.”

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