State Fund to increase workers' comp policy rates by 5%
The
State Compensation Insurance Fund
has filed a 5 percent rate increase in collectible premium, to be
applied to new and renewing workers' compensation policies effective
Jan. 1, according to a news release. Doug Stewart,
State Fund interim president and CEO, attributed the increase to "medical inflation." "Although manual rates increased 8 percent with this filing, other
changes to the rate filing will result in an overall 5 percent increase
in collectible premium," according to the release. Information: (877) 405-4545; www.scif.com
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