Bellusci Explains Why 2019 Proposed Rate Cut is 4.5%

The chief actuary for California’s Workers’ Compensation Insurance Rating Bureau took issue with WorkCompCentral reporting that the indicated rate for 2019 is 2.3% lower than the current advisory pure premium rate. “The way everybody talks about rate changes, it’s a 4.5% decrease,” Dave Bellusci said Friday. “It’s just the way we do it using the average in California, and those change when we get new payroll rates.” The WCIRB’s Governing Committee on Wednesday voted to recommend an advisory pure premium rate of $1.70 per $100 of payro...