The Workers’ Compensation Insurance Bureau of California will discuss the new advisory pure premium rates that went into effect Thursday during a webinar later in September.
California Insurance Commissioner Ricardo Lara in July opted to hold the advisory pure premium rate at $1.45 per $100 of payroll, unchanged from last year. The WCIRB recommended an advisory rate of $1.56, a 7.6% increase, while the actuary for public members of the WCIRB’s Governing Committee recommended a slight decrease to $1.44.
A Department of Insurance attorney recommended a rate of $1.49 that would ...
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