Rates Continue Dropping in Wake of Reforms

California will remain a high-cost state if the latest recommended rate reduction is approved, but some employers are happy to see the disparity shrinking compared to other states.  The Workers’ Compensation Insurance Rating Bureau on Friday submitted a recommendation for a sixth consecutive cut that would bring the advisory pure premium rate below $2 as 2012 reforms continue to pay dividends for California employers. “We appreciate that costs are down, but we’re still high,” said Bruce Wick, risk management director for the California Professional Associatio...