OAKLAND, Calif. — The Governing Committee of the Workers’ Compensation Insurance Rating Bureau on Wednesday approved a plan to file for a slightly larger decrease to pure premium rates, should Gov. Jerry Brown sign into law a bill that puts new restrictions on lien filings.
If Brown approves Senate Bill 1160, the recommended rate would be $2.22 per $100 of payroll. In August the WCIRB recommended a rate of $2.26, which would be 2.6% lower than the average rate of $2.32 the insurance commissioner adopted effective July 1. The contingency rate — which depends on ...
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