Experts Disagree on Utility of Pure Premium Rate

By Greg Jones, Western Bureau ChiefThe process of identifying trends in California’s workers’ compensation industry helps both employers and carriers, but experts on Monday disagreed about the usefulness of setting an advisory pure premium rate that isn’t binding on carriers.Insurance Commissioner Dave Jones on Friday evening issued an order setting an advisory pure premium rate of $2.56 per $100 of payroll for policies beginning or renewing on Jan. 1, 2013. Jones also adopted changes the Workers’ Compensation Insurance Rating Bureau recommended to the California Worker...