The Workers’ Compensation Insurance Rating Bureau of California on Friday submitted its Sept. 1, 2023, pure premium rate filing to the California Department of Insurance, proposing advisory rates averaging 0.3% above the 2022 filing.
As in recent years, the ratemaking bureau excluded all claims directly arising from COVID-19 diagnoses from the experience analysis, largely excluded accident year 2020 experience and refined the projection process to adjust for distortions caused by the pandemic.
"Due to the declining proportion of indemnity cl...
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