State Fund Increasing Premiums by 9% on Average

Higher rates charged to employers in Southern California in general and Los Angeles County specifically will contribute to an average 9% increase in premiums that State Compensation Insurance Fund said it will collect on policies incepting or renewing on or after April 1. Jennifer Vargen, executive vice president of public affairs for State Fund, said the increase, contained in a rating plan filed with the Department of Insurance on Monday, results from the combination of all the changes it entails, rather than one single component. Other factors contributing to the rate increase include a 2...