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SCIF files for 5% workers comp rate increase

Roberto Ceniceros

November 10, 2009 Reprints

Workers Comp Coverage More + Less -

SAN FRANCISOCalifornia’s State Compensation Insurance Fund has filed for a 5% average rate increase for workers compensation policies incepting on or after Jan. 1, 2010.

Medical inflation, running at an annual average of 14%, is the principal driver for the rate increase, SCIF said Tuesday.

San Francisco-based SCIF is a nonprofit insurer established by the California Legislature. It has about 170,000 policyholders.

On Monday, California’s insurance commissioner rejected a 22.8% rate increase that had been requested by the Workers’ Compensation Insurance Rating Bureau.

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SCIF files for 5% workers comp rate increase

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