Berkshire Hathaway Homestate Insurance Company submitted a workers’ compensation rate filing in California requesting approval for a consent-to-rate arrangement for a single risk, Star Holding LLC, with an effective date of March 4, 2026.
Under the filing, the policyholder agreed to rates set at 195% of the insurer’s filed manual rates for any applicable classifications. The company indicated that filed rates are inadequate to cover the account’s expected loss frequency and severity, necessitating excess pricing.
The consent applies only to the base rates, with standard pricing factors such as experience modification, schedule rating, and premium discounts continuing to apply. Proposed base rates per $100 of payroll include $6.650 for class 8720, $1.210 for class 8742, $2.200 for class 8748, and $0.780 for class 8810.
The filing is currently pending with the California Department of Insurance and applies to both new and renewal business for the specified account.
