Employers Insurance Company of Nevada, A Mutual Company (EICN), announced Thursday that its wholly owned California subsidiary, Employers Compensation Insurance Company (ECIC), has filed with the California Department of Insurance an 11.3 percent rate decrease to be effective on workers' compensation policies issued or renewed on or after July 1, 2004.
The filing reflects the anticipated initial savings associated with the 2004 California workers' compensation reform legislation.
The company has reduced overall rates by an average of 13.9% since January 2004. This total is the combined...
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