Work Comp rate cut approved 2018

ALLRIGHT.....Here we go! The Work Comp rates have been approved for a rate cut of 3% due to lowered medical costs directly linked to the SB863 reforms.

What does this mean to you......well probably nothing at all. The rate cut is 'advisoral' and not mandated to insurance companies. Commissioner Dave Jones has asked the insurance carriers to pass the reduction onto their insureds but has not required them to do so......ummm right. I am sure they will do that.

Just so you know, a reduction of medical costs is what has driven a 9% per claim reduction in Work Comp claims over the last 3 years. Of course we have all felt the economic burden of Work Comp payments reduce over those last 3 years, right?

You can read the full article HERE.

Let me know what your thoughts are on this. I am interested in knowing it just me?

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Tel: 909-481-7222

DELANEY Insurance Agency, Inc.


Address:   Delaney Insurance Agency, Inc.

               8231 White Oak Ave.
               Rancho Cucamonga, CA 91730
Phone:     909-481-7222

Fax:         909-481-7217

License     0725700

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Serving the following cities: Rancho Cucamonga, Ontario, Fontana, Upland, Chino, Chino Hills, Montclair, Caremont, Pomona, LaVerne, San Dimas, Rialto, Bloomington, Riverside, San Bernardino, Loma Linda, Crestmore Heights, Jurupa Valley, Corona, Castle Park, Orange, Azusa, Covina, West Covina, Walnut, Los Angeles, Pasadena, Baldwin Park, Hacienda Heights, Rowland Heights, La Habra, Whittier, Industry, El Monte, Temple City, Fullerton, Buena Park, Yorba Linda, Placentia, Brea