Written by on 8/13/2012 3:43 AM . It has 0 Comments.

There is no doubt that the Workers Compensation market in California is beginning to harden.  There doesn’t seem to be more than a few days that goes by before I’m made aware of yet another insurance company raising their rates for Workers Compensation coverage.  We are definitely leading in to a Hard Market for Workers Compensation.

Virtually every Insurance Broker knows that when the market hardens two things in particular happen.  (1) Insurance carriers begin to leave the marketplace and (2) those carriers that remain begin to increase their rates – usually in double digit increments.

Becoming aware of such changes in the Insurance Marketplace and remaining up-to-date on what each carrier is doing is becoming ever simpler.  There are many service providers who focus on insurance rating and for a fee will provide users with up-to-the-minute news related to Insurance Carrier rate filings, Insurance Department rulings, and Rating Bureau opinions.  An example would be any one of the three (3) emails I received just this morning summarizing the Workers Compensation Rate fluctuations taking affect in August 2012.

Of the 23 Workers Compensation Companies that announced rating changes for this month, only 2 of them have reduced rates while the other 21 have increased rates by at least 10% (some as high as 60%). 

The interesting item to note in this month’s rating fluctuations is that while 21 carrier increased rates by 10-60%+, two carriers actually decreased rates 20-30%!

Here is just a partial list of Workers Compensation companies with rate changes for August 2012. 

  • AmTrust
  • Chartis
  • Guard
  • Praetorian
  • QBE
  • Seabright
  • Southern
  • Tower
  • Zurich

For more information regarding Workers Compensation, Rate Fluctuations, and Risk Management, Ask The Experts at GDI Insurance Agency, Inc. by calling our office in Turlock, CA at 209-634-2929 or visiting us online at

Matthew Davis, MBA, CPCU, AAI


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