Insurers push for higher workers' comp rates

Insurers push for higher workers' comp rates   
     Saturday 9th April, 2011  Source: Sign on San Diego

Originally published April 8, 2011 at 10:38 a.m., updated April 8, 2011 at 1:29 p.m.
A key insurer-backed board this week said rates for workers' compensation insurance are 40 percent too low, upping the stakes in an ongoing campaign to raise rates.
The Workers Compensation Insurance Ratings Bureau said it would make an "informational filing" with the state to say that current rate are not enough to meet rising costs.
"California's workers' compensation system is at a crossroads...," Mark Sektnan, president of the Association of California Insurance Companies said today.
"Workers' compensation is generally cyclical and right now we are trending in the wrong direction.
The question is: can we get back on the right road?" The governing board of the Workers Compensation Insurance Ratings ...
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