WCIRB to Cover Rate Filing in May 6 Webinar

The Workers’ Compensation Insurance Rating Bureau of California is holding a webinar on May 6 to explain its recommendation that the insurance commissioner increase the advisory pure premium rate for policies incepting on or after Sept. 1. The bureau’s Governing Committee on Wednesday voted 8-4 to adopt methodologies that indicate an advisory rate of $1.50 per $100 of payroll. The indicated rate is 3.4% higher than the last approved rate of $1.45. The four public members of the Governing Committee voted for a recommendation by their actuary that would reduce the rate by about 7.6...