WCIRB Recommends 10.4% Rate Increase

The Governing Committee for the Workers' Compensation Insurance Rating Bureau on Wednesday voted 8-0 to recommend that the California insurance commissioner increase the advisory pure premium rate by 10.4%, effective Sept. 1. The most notable drivers of the second consecutive double-digit rate increase include increased frequency of cumulative trauma claims as well as higher medical costs and allocated loss adjustment expenses, the WCIRB said. According to documents posted to the WCIRB website, cumulative trauma claims accounted for about 26.4% of all indemnity claims in 2024, nearly dou...