California's insurance commissioner on Monday heard competing proposals for the state's first-ever Sept. 1 advisory pure premium rate, one a recommendation to increase the rate by 3.4% and the other a recommendation to reduce it by about 7.6%.
One observer said the two filings — a proposed increase from the Workers’ Compensation Insurance Rating Bureau and a proposed decrease filed by the actuary for public members of its Governing Committee — appear more disparate than at any point in recent years.
After six consecutive decreases, the WCIRB is recommending rais...
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