WCIRB: Pure Premium Rate Up 7.7%, but no Mid-Year Filing

California pure premium rates should be 7.7% higher than what the Workers' Compensation Insurance Rating Bureau proposed at the start of this year, but the bureau does not plan to submit a mid-year rate filing, a spokesman said Monday.The bureau's Acturial Committee reviewed loss and loss-adjustment expense projection methodologies during a meeting in San Fransisco on Monday and concluded the average pure premium as of July 1, 2012 should be $2.51 per $100 of payroll.In a filing last fall the Rating Bureau recommended a pure premium rate of $2.33 per $100 of payroll. Insurance Commissi...