Governing Committee Meets Wednesday

The Workers’ Compensation Insurance Rating Bureau of California Governing Committee will hear reports on legislative, regulatory and judicial issues during a Wednesday meeting. Committee members will hear a report on the regulatory and pure premium rate filings approved earlier this year. Insurance Commissioner Ricardo Lara in July adopted an advisory rate of $1.46 per $100 of payroll, a 2.6% reduction. The WCIRB had recommended a 3.4% increase, while the actuary for public members of the Governing Committee recommended a 7.3% cut. In May, Lara approved the WCIRB’s annual regula...