Calif. Surges to the Top in Comp Cost Benchmark Study

California, the largest workers’ compensation market in the country, also has the highest insurance premiums, according to a study released Wednesday by the Oregon Department of Consumer and Business Services. California employers pay workers’ compensation premiums of $3.48 for every $100 of payroll, according to the “2014 Oregon Workers’ Compensation Premium Rate Ranking” study. That’s 61 cents, or 21.3%, higher than the No. 2 ranking state – Connecticut. California is the only state in the country where premiums exceed $3 per $100 of payroll. Emplo...