WCIRB Eyes Moving Effective Date for New Rates to August

OAKLAND, Calif. — Advisory pure premium rates would take effect in August rather than January starting in 2021 under a new filing schedule being considered by California’s Workers’ Compensation Insurance Rating Bureau. The California Department of Insurance would have to approve the change. And there are wrinkles that the Rating Bureau would have to iron out if the Governing Committee gives it the green light to move forward with the proposal next week. Members of the bureau's Actuarial Committee backed the proposal during a meeting Wednesday. The WCIRB&rs...