Insurer Raises Rates, Says Golden State Is Near 'Inflection Point'

After years of falling rates, workers’ comp insurance pricing in California may have reached an “inflection point,” according to monoline carrier Employers Holdings, which decided to raise its prices in the Golden State this month. “We recently undertook an average rate increase in California to address general market pricing concerns,” Chief Executive Officer Douglas Dirks said Thursday during a conference call to report second-quarter earnings. The price increase isn’t across the board, but is territory-specific and is intended to “maintain or ...