Commissioner Approves 6.6% Rate Hike

California Insurance Commissioner Ricardo Lara on Friday approved a 6.6% rate hike. Lara approved an advisory pure premium rate of $1.65 per $100 of payroll for policies incepting on or after Sept. 1.  The Workers' Compensation Insurance Rating Bureau said the approved rate represents a 6.6% increase over Sept. 1, 2025, advisory pure premium rates adopted last year.  The WCIRB recommended that the commissioner set the advisory rate at $1.71 per $100 of payroll, which would have been a 10.4% increase. The actuary for Bickmore Actuarial, the firm representing public members ...