Workers?EUR??,,????'??? Comp. Rates Fall Slightly in California

In December 2003, California Insurance Commissioner John Garamendi announced that workers' compensation premium rates filed by insurers had dropped an average of 3.6 percent.

The California Landscape Contractors Association (CLCA) reports that 95 insurance carriers (a third of the state?EUR??,,????'???s insurers) filed rates with the Department of Insurance to take effect January 1, 2004. Sixty-nine of those said they will reduce rates; 16 will maintain the rates; and 10 will increase them.

State Fund, which write policies for more than half of the California market, will reduce rates on average by 2.9 percent.