Commissioner Holds Pure Premium Rate at $1.45

California Insurance Commissioner Ricardo Lara for a third consecutive year rejected a proposed increase to the workers’ compensation advisory pure premium rate. Faced with two recommendations to increase the rate and one to reduce it slightly, Lara split the difference and ordered the rate remain unchanged at $1.45 per $100 of payroll. The WCIRB recommended the commissioner adopt an advisory rate of $1.56 per $100 of payroll for policies incepting on or after Sept. 1. The recommended rate is a 7.6% increase over the rate the commissioner adopted last year. CDI Attorney Yvonne Hau...