Employers Direct Meets DOI's Rate Reduction Goal

Employers Direct Insurance Company (EDIC) Tuesday announced another round of workers' compensation rate reductions for California employers, bringing the total decrease to 20.9% from a year ago. The latest rate reduction is effective immediately for employers with effective dates of June 10th, 2004 or later. Employers Direct (www.edicwc.com) is a California based specialty carrier that insures select employers who pay at least $75,000 per year in annual workers' compensation premiums. "This latest round of reductions is in direct response to the reforms passed by the legislature under th...