Calif. Will Account for One-Quarter of Comp Premiums in 2016, Report Says

California will account for an even larger piece of the nation’s total workers’ compensation premiums next year, increasing its share to 27% from the 19% seen in 2004. That’s one prediction from a report released last week by Willis, called “Willis Marketplace Realities 2016.” The Golden State’s expected increased share will be fueled by rate increases, the state’s economic recovery and increases to the minimum wage in some California cities, according to the report. And while workers’ compensation rates nationally are forecast to hold relativ...