Article ID: d81464e380c6d40b141d34dcb89398bbc13771c9eb16207c6f75461828714b26
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URL: https://www.businessinsurance.com/calif-comp-rates-set-for-biggest-hike-in-more-than-a-decade/
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Calif. comp rates set for biggest hike in more than a decade - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Calif. comp rates set for biggest hike in more than a decade by Louise Esola Workers Comp Coverage , Workers Comp Pricing May 1, 2026 California employers could see the largest workers compensation pure premium rate increase in more than a decade after the Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Thursday authorized a Sept. 1, 2026, filing proposing a 10.4% increase in advisory pure premium rates. The proposed increase exceeds last year’s 8.7% approved hike — the first increase since 2015 — and is above the 11.2% increase WCIRB originally filed for Sept. 1, 2025, before California Insurance Commissioner Ricardo Lara approved the lower figure. The WCIRB said the Sept. 1, 2026, proposed rates are based on insurer losses and loss adjustment expenses from accident year 2025 and prior, valued as of Dec. 31, 2025. The filing is expected to be submitted to the California Department of Insurance by the end of April, followed by a public hearing. WCIRB said the primary drivers of the increase were continued growth in cumulative trauma claim frequency, along with higher medical costs and allocated loss adjustment expenses. The bureau’s actuarial committee also pointed to rising cumulative trauma claims as a major cost driver, alongside average medical and allocated loss adjustment expense costs, while wage inflation provided some offset. According to a WCIRB presentation available on its web site, cumulative trauma claims accounted for 26.4% of total indemnity claims in accident year 2024, up from 22.6% in 2023 and 17.8% in 2022. The bureau said post-termination cumulative trauma claims also represented a growing share of recent claims and often carry higher medical-legal costs. Despite the proposed increase, the WCIRB noted the recommended 2026 advisory rate would still remain 44% below the state’s previous high and 54% below pre-SB 863 levels reached in 2014-2015. The proposed 2026 rate would also be about 10% above the currently approved 2025 level. 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