The Workers’ Compensation Insurance Rating Bureau filed with the California Department of Insurance its recommendation for a 5.4% reduction in the advisory pure premium rate.
The WCIRB is recommending an advisory rate of $1.58 per $100 of payroll for policies incepting on or after Jan. 1, 2020.
The last rate approved by the insurance commissioner for policies incepting on or after Jan. 1, 2019, was $1.63 per $100 of payroll.
The WCIRB scheduled a webinar to discuss the 2020 rate filing. The webinar is from 10-11 a.m. Aug. 28.
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