Insurance Commissioner Lowers Advisory Pure Premium Rate to $1.41

California Insurance Commissioner Ricardo Lara has lowered the state’s workers’ compensation advisory pure premium rate to $1.41 per $100 of payroll, the 11th consecutive rate decrease since 2015, the department announced Wednesday. The rate drop will take effect Sept. 1 and will lower the current advisory pure premium rate by 4 cents. Lara enacted the current rate of $1.45, which took effect in January. The new rate will be the state’s first to take effect in September. The new rate falls between competing proposals submitted by the Workers’ Compensation Insuran...