Archive for January 19, 2012

Average Filed WC Premium Rate Climbs 2.8%

Insurance Commissioner Dave Jones last fall called for California workers’ comp insurers to cut their 2012 pure premium rates by 3% to an average of $2.30 per $100 of payroll. But reports from the field and the rate filings by the carriers themselves indicated that this would not be the case and yesterday afternoon the California Department of Insurance (CDI) confirmed it.

The Department says that instead of a 3% decrease, the average pure premium rate in California is actually up 2.8% from last year. That equates to an average rate of nearly $2.44 per $100 of payroll, according to CDI spokesman Byron Tucker.

Read the Full WCEXEC Article Here

Governor signs Wage Theft Protection Act of 2011: EMPLOYER ACTION REQUIRED

Governor Brown has signed into law AB 469 (Chapter 655, Statutes of 2011) known as the Wage Theft Protection Act of 2011. Click here for the full TEXT of the Bill. The provisions of the Act become effective January 1, 2012. Labor Code section 2810.5 was added by the bill which requires that all employers must provide each employee at the time of hire with a written notice that contains specified information and must be provided in the language the employer normally uses to communicate employment-related information to the employee. The Section requires that the Labor Commissioner make available a template that complies with the requirements of the notice.

Here is the English version of the notice. PDF of Employee Notice Other languages are available on the Department of Industrial Relations website here.

Carlsbad Business Journal Now Available Digitally!

One of our favorite local publications, the Carlsbad Business Journal, published by the Carlsbad Chamber of Commerce, is now available in digital form. Check it out! Carlsbad Business Journal Online