WCIRB Recommends Small Rate Increase; Public Actuary Recommends 7.3% Cut

The Governing Committee for the Workers’ Compensation Rating Bureau of California on Wednesday approved a fourth consecutive recommendation to raise the advisory pure premium rate. The insurance commissioner has not heeded the three prior suggestions to raise the rate. Last year, when the WCIRB recommended a 7.6% increase to $1.56 per $100 of payroll from $1.45, Insurance Commissioner Ricardo Lara opted for no change. He said in his decision that there were “a number of issues in the record that remain uncertain and warrant further monitoring before an adjustment to the p...