Friday, May 29, 2009

WESTERN NEWS ZONE......

California's State Compensation Insurance Fund reported Friday that it has filed a mid-year rate plan that reflects a 15 percent increase in collectible premium. The revised rates will apply to new and renewal workers' compensation policies effective on or after July 1, 2009.

State Fund said its premium levels have fallen significantly since 2003, when Gov. Schwarzenegger implemented policy reforms that lowered premiums, and even after this increase, will still be 46 percent below pre-reform levels.