The Workers’ Compensation Insurance Rating Bureau on Friday filed with the California Department of Insurance a recommendation that the advisory pure premium rate should be increased 7.6% to $1.56 per $100 of payroll.
This is the third increase recommended by the WCIRB, but Insurance Commissioner Ricardo Lara approved rate cuts for 2020 and 2021. In fact, the advisory pure premium rate has gone down each year since 2015.
The WCIRB said it will issue another statement when the Insurance Department schedules a hearing on the rate recommendation.
In the meantime, the WCIRB is holding...
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