Average Charged Rates Fall Below 2012 Levels

California employers, on average, paid $2.38 per $100 of payroll for workers’ compensation coverage in the first three months of the year, according to a first quarter report published by the Workers’ Compensation Insurance Rating Bureau. The industry average charged rate fell 5.9%, from $2.52 last year, to the lowest level since 2012, when employers paid an average of $2.50. Employers paid less than the average $2.38 paid in the first quarter of 2018 in only six of the last 20 years. The average charged rate was $2.32 in 1998, and $2.35 in 1999. And the average rate was bet...