State Fund Reduces Rates by an Overall 9.5% and Revises Pricing Structure
June 30, 2016
Effective September 1, 2016, State Fund will reduce our rates overall by 9.5% and revise our pricing structure to enhance pricing accuracy and stability for our policyholders.
We’re making these changes to benefit our nearly 120,000 policyholders by:
- Increasing our ability to be flexible and responsive to the workers’ compensation insurance market.
- Serving more segments of the California market.
- Providing a strong and stable choice for the workers’ compensation needs of California employers.
- Fulfilling our purpose to offer fairly priced workers’ compensation insurance.
The new pricing structure makes our rates more stable year after year and reduces many instances of large price fluctuations. The combination of an enhanced pricing structure and rate decrease means we will be able to serve more California employers. To get a quote from State Fund, please contact your broker or go to the Price Indicator section on our website’s home page.
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Established in 1914, by the state legislature, State Fund has operated for more than 100 years, is California’s largest provider of workers’ compensation insurance, and a vital asset to California businesses. State Fund supports California’s entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers’ compensation insurance, making California workplaces safe, and restoring injured workers.
