Zenith Cutting WC Rates by 12 Percent

Zenith Insurance Co. will lower its workers' compensation rates in California an average of 12 percent when the new premium year begins July 1, the insurer notifed the state Insurance Department on Tuesday. The new rates represent an average reduction of 12 percent compared to rates in effect since Jan. 1 of this year, the company said. "We continue to see short-term favorable trends in inflation and frequency in our California workers' compensation data, however we will not know the long-term outcome of our loss costs for recent accident years with any certainty for several years," said S...