WCIRB Recommends Increasing Advisory Pure Premium Rate to $1.50

For the second consecutive year, the Workers' Compensation Insurance Rating Bureau is recommending that the California insurance commissioner increase the advisory pure premium rate. The WCIRB's Governing Committee on Wednesday voted 8-4 to recommend that the commissioner increase the advisory pure premium rate to $1.50 per $100 of payroll for policies incepting on or after Sept. 1. All eight insurer members on the committee voted to adopt methodologies that resulted in the indicated rate of $1.50. The four public members voted against the rate increase and supported reducing ra...