Insurance Commissioner Approves 2016 Regulatory Filing

California Insurance Commissioner Dave Jones on Friday approved regulatory changes recommended by the Workers' Compensation Insurance Rating Bureau. Under one change that takes effect Jan. 1, 2016, eligibility for experience rating will be based on expected loss rates rather than the advisory pure premium rate.  Historically, experience modifications, or X-mods, have been based on pure premiums. This requires waiting until the insurance commissioner adopts an advisory pure premium rate before calculating X-mods for the coming year. The commissioner's pure premium decision is typ...