The Workers’ Compensation Insurance Rating Bureau filed with the California Department of Insurance its recommendation that the advisory pure premium rate should be increased to $1.50 per $100 of payroll for policies incepting on or after Sept. 1.
The recommended rate would be a 3.4% increase over the rate of $1.45 that the insurance commissioner adopted for policies incepting on and after Jan. 1. When the last approved rate is recalculated using the same relativities that went into the Sept. 1 recommendation, the indicated rate represents a 2.7% increase.
The WCIRB said it will issue ...
Comments