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SELECTED INDICATORS IN WORKERS’ COMPENSATION:   A REPORT CARD FOR CALIFORNIANS

The WCIRB reports that actual rates charged in the market place as of March 31, 2006, had fallen by 42 percent since the enactment of AB 227 and SB 228.  The average rate per $100 of payroll fell from $6.35 in the second half of 2003 to $3.75 in the first quarter of 2006.2

California Workers’ Compensation Insurance Carrier Rate Filing Changes

COMPANY NAME

GROUP NAME

Market share 2005

Cumulative % Change 1/1/04-7/1/06

07/01/ 2006  % Filed Rate Change

01/01/ 2006  % Filed Rate Change

07/01/2005  % Filed Rate Change

01/01/2005      % Filed Rate Change

STATE COMPENSATION INSURANCE FUND

42.08%

-44.22%

-10.00%

-16.00%

-14.00%

-5.00%

ZENITH INSURANCE COMPANY

Zenith National Group

4.96%

-35.60%

-5.00%

-13.10%

-12.00%

-2.00%

AMERICAN HOME ASSURANCE COMPANY

AIG Group

4.07%

-38.06%

-9.00%

-8.00%

-15.10%

-2.40%

ZURICH AMERICAN INSURANCE COMPANY

Zurich Insurance Group

2.52%

-53.92%

-16.40%

-7.70%

-22.70%

-6.40%

EMPLOYERS COMPENSATION INSURANCE COMPANY

Employers Group

2.40%

-56.17%

21.86%

-15.60%

-18.60%

-5.50%

VIRGINIA SURETY COMPANY, INC.

Aon Corporation

2.15%

-41.32%

-16.40%

-15.30%

-18.00%

-3.50%

REPUBLIC INDEMNITY COMPANY OF CALIFORNIA

Great American Group

1.72%

-56.18%

-11.20%

-15.00%

-25.00%

-2.20%

NATIONAL LIABILITY & FIRE INSURANCE COMPANY

Berkshire Hathaway

1.60%

-38.56%

-7.60%

-10.00%

-21.15%

-6.30%

EVEREST NATIONAL INSURANCE COMPANY

Everest Group

1.58%

-46.80%

-16.40%

-19.00%

-13.80%

-1.50%

COMMERCE AND INDUSTRY INSURANCE COMPANY

AIG Group

1.56%

-38.06%

-9.00%

-8.00%

-15.10%

-2.40%

2 Source: WCIRB Bulletin 2006-11 July 5, 2006.

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