Workers Compensation Classification Rate Index For Experience Rated Employers - California January 2011

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1 Workers Compensation Classification Rate Index For Experience Rated Employers - California January 2011 The Workers Compensation Classification Rate Index (Rate Index) studies changes in the market. The Rate Index analyzes changes in the approved pure premium rate filing (Expected Loss Rates and D-Ratios) and rate filing fluctuations of the largest workers compensation carriers in California. The Rate Index allow agents to anticipate possible point increases and decreases in rates. When choosing an industry to market, the Rate Index is a valuable tool. For example, an agent may want to spend time marketing to class code 4240 (Box Mfg. rigid paper boxes) because it has a high Volatility Ranking of 475, a Rate Index of 26.13% and a Pure Premium Rate of This means there is a good probability that this class code will see up to a 26.13% increase in the rate. The Rate Index predicts rate changes for each class code. The Rate Index and Rate Index Market Indicator is an invaluable tool for agents to identify which class codes will experience an overall increase or decrease, and how the overall market is trending. 1/2011 Volatility Ranking 01/2011 Rate Index (% Change) Sorted by Volatility Ranking For Policies Incepting between 1/1/2011 and 7/1/ /2011 Pure Premium Rate Class Code Sub Code Classification Description % Engineers consulting % Oil or Gas Geologists or Scouts % Geophysical Exploration % Oil or Gas Well Servicing % Asphalt Works % Briquette Mfg % Coke Mfg % Bottling % Gasket Mfg % Oil or Gas Wells wireline service companies % Oil or Gas Wells perforating of casing % Orthotic or Prosthetic Device Mfg % Fence Construction % Analytical or Testing Laboratories % Electric Light or Power Line Construction % Oil or Gas Refining Units % Oil Mfg. or Refining vegetable % Cottonseed Oil Mfg. or Refining % Police, Sheriffs, Constables, etc. not volunteers % Masonry equals or exceeds $ % Fruit or Vegetable Preserving % Olive Handling % Pickle Mfg. 1 of 17

2 % Warehouses furniture % Furniture Moving % Drilling % Aircraft Operation personnel transport % Instrument Mfg. non-electronic % Photographers % Photofinishing % Auditors or Accountants % Welding or Cutting % Sheet Metal Work less than $ % Logging or Lumbering % Clearing Land % Wood Chopping or Tie Making % Electrical Apparatus Mfg % Electric Appliance Mfg % Building or Roofing Paper or Felt Preparation % Planing or Moulding Mills % Churches clergy % Door, Sash or Window Mfg. wood % Shutter Mfg % Office Machine Installation or Repair Computer or Computer System Installation, Inspection, Adjustment or % Repair % Telephone or Telephone System Installation, Service or Repair % Orchards citrus and deciduous fruits % Butchering % Stockyards % Stock Farms % Feed Yards % Stables % Clubs riding % Horse Shows stable employees % Pack Trains % Vineyards % Fruit fresh fruit packing and handling % Veneer or Veneer Products Mfg % Water Truck Service Companies % Airplane Mfg % Garbage, Ashes or Refuse Collecting % Street Sweeping Service Companies % Roofing equals or exceeds $ % Tunneling % Aircraft Operation flying crew % Aircraft Operation patrol; photography % Aircraft Operation student instruction flying crew % Stores automobile accessories % Truck Farms 2 of 17

3 % Seed Merchants % Building Operation commercial properties all other employees % Ceiling Installation % Telephone, Telegraph or Fire Alarm Line Construction % Dairy Farms % Newspaper Delivery % Lathing % Wallboard Application less than $ % Gas Works % Iron Works non-structural % Dry Cleaning or Dyeing % Yarn or Thread Dyeing or Finishing % Hide or Fur Cleaning, Processing or Preserving % Dry Cleaning or Laundry retail % Warehouses general merchandise % Stores groceries and provisions convenience retail % Wood Products Mfg % Beverage Container Collection or Redemption % Electroplating % Detinning % Buffing or Polishing of Metal % Galvanizing or Tinning % Elevator Erection or Repair % Dam Construction % Integrated Circuit and Semiconductor Wafer Mfg % Electrical Wiring equals or exceeds $ % Mining ore milling % Stores meat, fish or poultry wholesale % Rock Wool Mfg % Stores wine, beer or spirits retail % Computer Memory Disk Mfg % Medical Instrument Mfg % Roofing less than $ % Stores clothing, wearing apparel or dry goods retail % Fruit Juice or Concentrate Mfg % Street or Road Construction paving % Waterworks % Blasting % Ink, Mucilage or Polish Mfg % Instrument Mfg. electronic % Computer or Computer Peripheral Equipment Mfg % Telecommunications Equipment Mfg % Audio/Visual Electronic Products Mfg % Nail, Tack or Rivet Mfg % Nut, Bolt or Screw Mfg % Screw Machine Products Mfg % Electronic Prepress all operations 3 of 17

4 % Graphic Design all operations % Fruit citrus fruit packing and handling % Aircraft Operation agricultural all others % Concrete or Cement Work sidewalks less than $ % Concrete or Cement Work less than $ % Carpentry less than $ % Steel Framing light gauge residential less than $ % Steel Framing light gauge commercial less than $26.00 Carpentry detached private residences for 1 or 2 families less % than $ % Carpentry dwellings not exceeding 3 stories less than $ % Oil or Gas Wells specialty tool companies % Aircraft Engine Mfg. or Rebuilding % Automobile or Automobile Truck Engine Mfg % Paint, Varnish or Lacquer Mfg % Resin Mfg % Electric Motor Mfg. or Repair % Stores department stores % Hardware Mfg % Heat Treating % Residential Cleaning Services % Rubber Tire Recapping or Retreading % Carpentry equals or exceeds $26.00 Steel Framing light gauge residential equals or exceeds % $26.00 Steel Framing light gauge commercial equals or exceeds % $26.00 Carpentry detached private residences for 1 or 2 families equals % or exceeds $26.00 Carpentry dwellings not exceeding 3 stories equals or exceeds % $ % Potato Crops % Aircraft Operation agricultural flying crew % Painting, Decorating or Paper Hanging less than $ % Waterproofing less than $ % Painting oil or gasoline storage tanks less than $ % Stores groceries and provisions retail % Stores fruit or vegetables retail % Institutional Employees % Hospitals % Housing Authorities % Newspaper, Magazine or Book Publishing no printing % Newspaper Publishing or Newspaper Printing editing % Attorneys % Insulation Work % Biomedical Research Laboratories % Clerical Office Employees % Draftspersons 4 of 17

5 % Libraries librarians or professional assistants % Libraries public % Sewer or Tank Cleaning % Sheet Metal Products Mfg % Aluminum Ware Mfg % Coppersmithing % Metal Goods Mfg % Boilermaking % Plate Steel Products Fabrication % Printing screen printing editing % Screen Printed Merchandise Dealers editing % Sign Erection or Repair % Swimming Pool Cleaning and Servicing % Physicians % Door Installation overhead doors % Millwright Work % Electrical Machinery or Auxiliary Apparatus % Painting, Decorating or Paper Hanging equals or exceeds $ % Waterproofing equals or exceeds $ % Painting oil or gasoline storage tanks equals or exceeds $ % Stone Crushing % Boiler Installation, Repair or Setting steam % Stores office supplies and stationery % Termite Control Work % Strawberry Crops % Bush Berry Crops % Public Colleges or Schools % Superintendent of Public Schools Office % Oil or Gas Wells drilling or redrilling % Oil or Gas Wells installation or recovery of casing % Drilling geothermal wells % Oil or Gas Pipeline Operation % Steel Making % Carpet, Rug or Upholstery Cleaning % Cement Mfg % Concrete Products Mfg % Electrical Connector Mfg % Road Districts or Departments % Banks % Foundation Preparation Work % Cabinet Mfg. wood % Automobile Gasoline Stations % Bag Mfg. plastic % Masonry less than $ % Landscape Gardening % Field Crops % Boot or Shoe Mfg. or Repairing 5 of 17

6 % Sheet Metal Work equals or exceeds $ % Salespersons Outside % Bookbinding Salespersons Outside % Boy and Girl Scout Councils executive secretaries % Newspaper Publishing or Newspaper Printing reporters, advertising % Printing Salespersons Outside % Plastics thermoformed products mfg % Congregate Living Facilities for the Elderly % Sewer Construction less than $ % Paper Coating or Laminating % Computer Printing Ribbon Mfg. or Refurbishing % Typewriter Ribbon Mfg. or Refurbishing % Motion Pictures production all employees Television, Video, Audio and Radio Equipment Installation, Service or % Repair % Automobile Radio and Telephone Installation, Service or Repair Scaffolds, Shoring, Distributing Towers, Hod Hoists or Construction % Elevators % Decorating % Tent erection, removal or repair % Paper Goods Mfg % Bag Mfg. paper % Jewelry Mfg % Clock Mfg % Watch Mfg % Trophy Mfg % Florists cultivating or gardening % Residential Care Facilities for the Elderly % Residential Care Facilities for Adults % Excavation less than $ % Grading Land less than $ % Land Leveling farm lands less than $ % Plumbing less than $ % Refrigeration Equipment less than $ % Fire Fighters not volunteers % Concrete or Cement Work sidewalks equals or exceeds $ % Concrete or Cement Work equals or exceeds $ % Iron or Steel Merchants % Cemetery Operation % Crematory Operators % Equipment or Machinery Rental Yards % Machinery or Equipment Rental Yards % Pattern or Model Mfg % Railroads % Automobile or Automobile Truck Repair Shops or Garages % Attorney Support Services % Automobile Truck or Automobile Truck Trailer Mfg. or Assembling % Automobile Body Mfg. truck, trailer or bus 6 of 17

7 % Garbage, Ashes or Refuse Dump Operations % Automatic Sprinkler Installation within buildings less than $ % Home Infusion Therapists % Electric Light or Power Companies % Magnetic Tape Mfg % Oil or Gas Lease Operators % Stove Mfg % Beer or Ale Dealers % Cotton Farms % Foundries steel castings % Cable Television Companies % Automobile Van Conversion or Customizing Aircraft Operation scheduled, commuter and supplemental flying % crew % Wire Rope or Cable Mfg. no wire drawing % Grain Elevators or Grain Storage Warehouses % Iron or Steel Erection structural buildings not over 2 stories % Musical Instrument Mfg. other than metal % Asbestos Abatement % Communications Cabling % Barber Shops or Beauty Parlors % Sanitary Companies % House Furnishings % Floor Covering % Window Covering % Upholstering % Furniture upholstering % Automobile Body Upholstering % Coffin or Casket Upholstery Work % Wheelchair Upholstering % Household Appliances % Water Softening or Conditioning Systems % Funeral Directors % Mortgage Bankers % Nursing Homes % Convalescent Homes or Convalescent Hospitals % Rest Homes % Sanitariums % Farm Machinery Operation % Serum, Anti-Toxin or Virus Mfg % Glass Merchants % Rubber Tire Dealers % Sawmills or Shingle Mills % Log Chipping % Wood Treating or Preserving % Vending or Coin-Operated Machines % Air-Conditioning and Refrigeration Equipment Mfg. 7 of 17

8 % Refrigerator Mfg % Solar Panel Mfg % Sign Mfg. metal, plastic or wood % Athletic Teams or Parks players, umpires % Sewer Construction equals or exceeds $ % Burglar Alarm Installation, Service or Repair % Fire Alarm Installation, Service or Repair % Sound System Installation, Service or Repair % Stores feed, tack and farm supplies % Fruit or Vegetable Dehydrating % Smelting, Sintering, Refining, or Alloying % Concrete Construction bridges % Chimney Construction % Sign Painting or Lettering % Sign Mfg. quick sign shops % Painting shop only % Painting automobile or automobile truck bodies % Stores jewelry % Stores eye wear % Hay, Grain or Feed Dealers % Warehouses grain or bean % Taxicab Operations % Machine Mfg % Golf Club or Fishing Rod Mfg. or Assembly % Stores retail % Stores hardware retail % Towel or Toilet Supply Companies Product Demonstrators and Sample Distributors by contractors % in stores % Dental Laboratories % Plastics fiber reinforced plastic products mfg % Stores books retail % Printing screen printing all other employees % Screen Printed Merchandise Dealers all other employees % Mail Delivery Service Companies % Tool Mfg % Soap or Synthetic Detergent Mfg % Plastering or Stucco Work less than $ % Vegetables fresh vegetable and tomato packing and handling % Automobile, Automobile Truck or Motorcycle Parts Mfg % Trucking Firms % Express Companies % Mobile Crane and Hoisting Service Contractors % Fruit or Vegetable Processing fresh ready-to-eat % Advertising Companies % Optical Goods Mfg % Lens Mfg. 8 of 17

9 % Sugar Mfg. or Refining % Wire Rope or Cable Mfg. including wire drawing % Wire Drawing % Stores meat, fish or poultry retail % Paper Stock Dealers % Bottle Dealers % Rubber Stock Dealers % Wire Goods Mfg % YMCA or YWCA Institutions % Clubs boys and girls % Die Casting Mfg % Fish or Seafood Products Mfg % Plastics blow molded products mfg % Iron or Steel Scrap Dealers % Junk Dealers % Electrical Wire Harness Mfg % Electric Power or Transmission Equipment Mfg % Electric Control Panel or Switchgear Mfg % Box, Box Shook or Container Mfg % Automatic Sprinkler Installation within buildings equals or exceeds $ % Stores paint or paint supplies % Nurseries propagation and cultivation of nursery stock % Stores florists % Parcel Delivery Companies % Fruit or Vegetable Processing frozen % Contractors executive level supervisors % Mobile Home Mfg % Automobile Body Mfg. pleasure car or taxicab % Recreational Vehicle Mfg % Pallet Mfg., Repair or Reconditioning % Pallet Dealers % Oil or Gas Pipeline Construction % Tag, Button or Fastener Mfg % Engraving % Foundries non-ferrous % Rubber Goods Mfg % Potteries % Terra Cotta Mfg % Excavation equals or exceeds $ % Grading Land equals or exceeds $ % Land Leveling farm lands equals or exceeds $ % Machine Shops % Irrigation, Drainage or Reclamation Works % Ice Mfg. or Ice Dealers % Creameries and Dairy Products Mfg % Radio, Television or Commercial Broadcasting Stations 9 of 17

10 % Janitorial Services % Aircraft Operation not agricultural, scheduled, or supplemental % Aircraft Operation ground schools % Aircraft Remanufacture, Conversion, Modification and Repair % Stores wine or spirits wholesale % Plastics extrusion molded products mfg % Insurance Companies % Printed Circuit Board Mfg % Furniture Mfg. metal % Wheelchair Mfg % Glassware Mfg. no automatic machines % Incandescent Lamp and Fluorescent Tube Mfg % Cathedral or Art Glass Window Mfg % Aircraft Operation scheduled, commuter and supplemental all others % Window Blind Mfg. or Assembly % Stores floor covering % Carpet or Rug Mfg % Athletic Teams or Parks maintenance % Tree Pruning, Repairing or Trimming % Corrugated or Fibre Board Container Mfg % Stores clothing, dry goods wholesale % Plastics injection molded products mfg % Sand or Gravel Digging % Clay Digging % Salt Production % Dredging % Freight Handlers % Freight Forwarders % Door or Window Mfg. metal or plastic including glass % Door or Window Frame Mfg. metal or plastic % Door or Window Mfg. screen % Cotton Merchants % Warehouses cotton % Concrete or Cement Work precast % Canal Construction % Cross-Country Water Pipeline Construction % Jetty or Breakwater Construction % Brick or Clay Products Mfg % Tile or Earthenware Mfg % Metal Scrap Dealers % Macaroni Mfg % Bowling Centers % Billiard Halls % Skating Centers % Conduit Construction % Plastering or Stucco Work equals or exceeds $ of 17

11 % Forging Works % Tool Mfg. hot formed tools % Blacksmithing % Clubs % Bag Mfg. traveling bags or hand luggage % Iron or Steel Works structural % Furniture Assembling % Coffin or Casket Mfg. or Assembling % Restaurants or Taverns % Vending Concessionaires % Oil or Gas Wells cementing % Oil or Gas Wells acidizing % Oil or Gas Wells vacuum truck service companies % Oil or Gas Wells gravel packing % Automobile or Automobile Truck Body and Fender Repairing and Painting % Colleges or Schools private % Printing quick printing % Document Duplication or Photocopying Service % Oil Refining petroleum % Asphalt or Tar Distilling or Refining % Gasoline Recovery % Orchards nut crops % Power Supply Mfg % Sandwich Shops not restaurants % Beverage Preparation Shops not bars or taverns % Ice Cream or Frozen Yogurt Shops % Iron, Steel, Brass, Bronze or Aluminum Erection non-structural % Floor Installation % Stores bicycles and bicycle accessories % Battery Mfg % Lead Mfg., Reclaiming or Alloying % Textiles % Stores garden supplies % Paper or Pulp Mfg % Fibre Preparation % Computer Programming or Software Development % Internet or Web-Based Application Development or Operation % Log Hauling % Wineries % Distilling % Vinegar Mfg % Fruit dried fruit packing and handling % Mailing or Addressing Companies % Motorcycle Dealers % Fire Fighters volunteers % Construction or Erection Permanent Yards 11 of 17

12 % Reinforcing Steel Fabrication % Knitting % Foundries iron % Enameled Ironware Mfg % Hardwood Floor Laying % Boat Dealers % Airport Operators % Sheltered Workshops or Work Activity Centers % Elevator Service Inspections, Oiling and Adjusting % Printing editing % Bookbinding editing % Clubs country or golf % Municipal, State or Public Agency Employees all other employees % Picture Frame Assembly % Picture or Artwork Framing % Pile Driving % Wharf Building % Bridge or Trestle Construction wood % Irrigation Pipe Installation agricultural % Chemical Mfg % Truss or Building Components Mfg % Laundries % Water Mains or Connections Construction less than $ % Gas Mains or Connections Construction less than $ % Residential Care Facilities for the Developmentally Disabled % Bus or Limousine Operations % Day Care Centers % Racing Stables jockeys on per race basis % Mining Surface Employees of underground mining % Theaters music ensembles % Colleges or Schools private academic professionals % Wallboard Application equals or exceeds $ % Door, Door Frame or Pre-Glazed Window Installation % Concrete Construction foundations % Dentists and Dental Surgeons % Plaster Statuary or Ornament Mfg % Taxidermist % Meat Products Mfg % Clubs gaming % Automobile or Automobile Truck Service Stations % Municipal, State or Public Agency Employees % Pillow, Quilt, Comforter or Cushion Mfg % Butter Substitutes Mfg % Homemaker Services % Public Health Nursing Associations % Machinery or Equipment Mfg. agricultural, construction, mining or ore milling 12 of 17

13 % Oil or Gas Lease Work % Machinery Mfg. portable tools and lawn care % Machinery Mfg. swimming pool and spa % Mining surface % Railroad Construction % Automobile or Automobile Truck Parts Rebuilding % Plastic Goods Mfg % Ski Resorts % Spinning or Weaving % Sanitary or Sanitation Districts Operation % Tube or Pipe Products Mfg % Gate or Corral Mfg % Iron or Steel Erection % Amusement Parks or Exhibitions maintenance of premises % Dog Shows % Horse Shows maintenance Apartment or Condominium Complex Operation property % management supervisors Building Operation commercial properties property management % supervisors % Building Operation property management supervisors % Mobile Home Park Operation property management supervisors % Warehouses self-storage property management supervisors Apartment or Condominium Complex Operation for Seniors % property management supervisors % Dam Construction concrete % Photo Engraving % Furnace, Heater or Radiator Mfg % Tile, Stone, Mosaic or Terrazzo Work % Hospitals veterinary % Kennels Automobile or Automobile Truck Transmission Repairing and % Rebuilding % Electrical Wiring less than $ % Wiping Cloth or Rag Dealers % Clothing Mfg % Hat Mfg % Dressmaking or Tailoring % Lampshade Mfg % Flower or Flower Arrangement Mfg % Credit Unions % Concrete Pumping % Can Mfg % Apartment or Condominium Complex Operation for Seniors % Lumberyards % Building Material Dealers % Fuel and Material Dealers % Machinery Dealers 13 of 17

14 % Vitamin or Food Supplement Mfg % Pest Control % Stores wholesale % Quarries % Excavation rock % Printed Circuit Board Assembling % Glaziers equals or exceeds $ % Theaters dance, opera and theater companies % Stores lighting fixtures % Gasoline or Oil Dealers % Electronic Element Mfg % Stores furniture % Pump or Hydraulic Apparatus Mfg. or Repair % Automobile or Automobile Truck Dealers % Automobile or Automobile Truck Storage Garages or Parking Stations or Lots % Chemical Mixing, Blending and Repackaging % Plumbers Supplies Dealers % Oil or Gas Well Supplies or Equipment Dealers not secondhand % Rendering or Fertilizer Works % Glue Mfg % Video Post Production % Audio Post Production % Stone Cutting or Polishing % Marble Cutting or Polishing % Theaters motion picture % Machine Shops aircraft components % Leather Goods Mfg % Detective or Patrol Agencies % Patrol or Guard Services % Watchpersons or Guards % Machinery Mfg. commercial food processing equipment % Machinery Mfg. industrial % Machinery Mfg. material handling equipment % Poultry Raising % Sheep Raising and Hog Farms % Labor Unions % Food Products Mfg. or Processing % Newspaper Publishing or Printing all other employees % Hotels % Motels % Fixtures or Lamp Mfg. or Assembly % Box Mfg. folding paper boxes % Mattress or Box Springs Mfg % Alcoholic and Drug Recovery Homes % Social Rehabilitation Facilities for Adults % Awning, Tarp or Canvas Goods Mfg. 14 of 17

15 % Reinforcing Steel Installation % Stores welding supplies % Theaters not motion picture % Inspection for Insurance or Valuation % Elevator Inspecting Weighers, Samplers or Inspectors of Merchandise on Docks, Railway % Stations or Warehouses % Warehouses self-storage all other employees % Automobile or Automobile Truck Salespersons % Breweries or Malt Houses % Silica Grinding % Talc Mills % Plaster Mills % Instrument professional or scientific installation or repair % Homeowners Associations % Mining underground % News Agents or Distributors of Magazines not retail % Foundries investment casting % Stores ceramic tile % Bakeries and Cracker Mfg % Cabinet or Fixtures % Sign Installation or Repair % Plaster Board or Plaster Block Mfg % Drug, Medicine or Pharmaceutical Preparations Mfg % Police, Sheriffs, Constables, etc. volunteers % Nut Hulling, Shelling or Processing Apartment or Condominium Complex Operation all other % employees % Residential Care Facilities for Children % Cotton Batting, Wadding or Waste Mfg % Felting Mfg % Wool Combing or Scouring % Stores computer % Furniture Mfg. wood % Plastics fabricated products mfg. no molding Water Mains or Connections Construction equals or exceeds % $ % Gas Mains or Connections Construction equals or exceeds $ % Cotton Gin Operation % Explosive Mfg % Rocket Propellant Mfg % Oxygen or Hydrogen Mfg % Mobile Home Park Operation all other employees % Warehouses cold storage % Telecommunications Companies % Mortgage Brokers % Iron or Steel Erection structural % Bridge Building metal 15 of 17

16 % Painting steel structures or bridges % Glassware Mfg % Museums % Glaziers less than $ % Marine Appraisers or Surveyors % Livestock Dealers or Commission Merchants % Livestock Auctioneers % Baths % Exercise or Health Institutes % Swimming Pools % Clubs swimming % Clubs tennis or racquetball % Street or Road Construction grading % Valve Mfg % Plumbing equals or exceeds $ % Refrigeration Equipment equals or exceeds $ % Automobile or Automobile Truck Dismantling % Pipe or Tube Mfg % Printing all other employees % Bookbinding all other employees % Box Mfg. rigid paper boxes % Automobile or Motorcycle Mfg. or Assembling Motion Pictures negative and print processors, distributors and film % exchanges not motion % Farm Machinery Dealers % Ambulance Services Racing Stables operation including trainers and jockeys % payroll basis % Check Cashers % Boat Building or Repairing % Steam Pipe or Boiler Insulation % Building Material Dealers secondhand % Pipe Reclaiming % Carnivals or Circuses Automobile or Automobile Truck Towing, Roadside Assistance or % Freeway Service Patrol % Envelope Mfg % Machinery and Equipment Dealers secondhand % Cosmetic, Personal Care or Perfumery Products Mfg % Camps % Boy and Girl Scout Councils camp operations % Oil or Gas Well Supplies or Equipment Dealers secondhand % Grain or Rice Milling % Feed Mfg % Stores video media rental retail % Pen or Mechanical Pencil Mfg % Building Operation all other employees % Churches 16 of 17

17 % Libraries % Amusement Parks or Exhibitions operation and maintenance of amusement devices % Clubs shooting % Shooting Galleries % Real Estate Agencies % Speaker Mfg. Workers' Compensation Classification Rate Index Market Indicator Chart Number of Classification Codes Decreasing and Increasing Hard Market Jul- 03 Number of Class Codes Increasing Number of Class Codes Decreasing 04 Jul Jul- 05 Soft Market 06 Jul Jul Hard Market 10 Jul Rates Effective Workers' Compensation Classification Rate Index Market Indicator Chart graphically shows when the workers compensation market trends to a hard or soft market. The red line (squares) shows the number of class codes increasing. The blue line (triangles) shows the number of class codes decreasing. When these red (squares)and blue (triangles) lines cross the market is moving from a soft to hard or hard to soft market. The market transitions occurred as follows: January 2000 beginning of a Hard Market July 2004 beginning of a Soft Market January 2009 beginning of a Hard Market 17 of 17