Latest Calif. Rate Filing Contains More of the Same

The newest pure-premium rate filing submitted Friday to the California Department of Insurance held no real surprises or major changes in cost trends, which have fallen since after the back-to-back reforms of 2003 and 2004. Jack Hannan, spokesman for the California Insurance Rating Bureau, said the filing for an average 11.3% decrease in the pure premium rate has a certain deja vu quality about it. "This is very much of the same, this rate filing," Hannan said. "It doesn't appear to be very different from the last few we've made." The bureau predicted that overall medical costs to ...