By Greg Jones, Western Bureau ChiefSAN FRANCISCO – Actuaries for the state’s ratemaking agency on Monday laid out the deteriorating medical loss and frequency trends in 2013 that together with new costs for a benefit increase and fee schedule update suggest California Insurance Commissioner Dave Jones should increase the advisory pure premium rate by 8.6% for 2014.The Workers’ Compensation Insurance Rating Bureau is recommending that Jones increase the 2014 advisory pure premium rate to $2.75, which is 8.6% higher than the $2.53 average filed rate as of June 30, 2013. The rec...
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