Two committees of California's Workers' Compensation Insurance Rating Bureau are meeting Sept. 2 and Sept. 3 to review second-quarter data and decide whether there is a need to amend the Jan. 1, 2016, pure premium rate filing.
The WCIRB's Governing Committee on Aug. 12 approved a filing recommending the insurance commissioner adopt an advisory pure premium rate of $2.45 per $100 of payroll. The recommended rate is 7.8% less than the industry average filed rate of $2.66 as of July 1, 2015, and 0.8% less than the average approved July 1, 2015, rate of $2.47.
The filing is based on ...
Comments