DIR Announces 2025 California Workers Compensation User Funding Assessment Rates

• SIBTF

Oakland, CA – The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workers’ compensation insurers must collect from policyholders. These funds will cover the budget for the state Division of Workers’ Compensation (DWC) and five related programs established by state lawmakers. Insurers must apply the following rates to their policyholders’ estimated […]

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Rising Liabilities in California's SIBTF

Rising Liabilities in California’s SIBTF

• SIBTF

California’s Subsequent Injuries Benefits Trust Fund (SIBTF), a state-run program offering supplemental benefits to injured workers with preexisting conditions, is under increasing financial strain as claims continue to surge. The SIBTF’s 2024 report shows annual payouts surged from $13.6 million in 2010 to $232 million in 2022. Projected liabilities for claims over the past 12

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