Governing Committee Votes against Mid-Year Filing

The Governing Committee of the California Workers’ Compensation Insurance Rating Bureau on Wednesday unanimously agreed not to submit a July 1, 2013, advisory pure premium rate filing.The latest projections by Rating Bureau actuaries indicate a mid-year pure premium rate of $2.61 per $100 of payroll, which is the same as the indicated rate in the Jan. 1, 2013, filing, and only 6 cents more than the average filed pure premium rate of $2.55.Insurance Commissioner Dave Jones on Nov. 30 approved an advisory pure premium rate of $2.56 per $100 of payroll. Dave Bellusci, executive vice preside...