The indicated advisory pure premium rate has increased 16.5% since the start of the year, according to a summary of the California Workers’ Compensation Insurance Rating Bureau’s Actuarial Committee meeting, released on Friday.WCIRB actuaries say the rate should be $2.68 per $100 of payroll, compared to the $2.30 advisory rate Insurance Commissioner Dave Jones approved, effective Jan. 1, 2012. The rate is 7.63% higher than the $2.49 advisory rate Jones approved, effective July 1.What’s more, the recommended rate is 12.6% higher than the average filed pure premium rate of $2.3...
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