WCIRB Governing Committee to Discuss Rate Filing Wednesday

The Governing Committee for the Workers’ Compensation Insurance Rating Bureau of California is scheduled to vote on its Sept. 1, 2025, advisory pure premium rate recommendation during a meeting Wednesday. The WCIRB has been recommending that California Insurance Commissioner Ricardo Lara increase the advisory rate since 2020. The 0.9% recommended increase for policies incepting on or after Sept. 1, 2024, brought the cumulative total of the WCIRB’s recommended increases over the last five years to 14.8%. Lara last year approved a 2.1% rate reduction, resulting in a cumulative 12.2...