No Change in Interim Pure Premium Rate Advisory

Confident that reforms have stabilized the California workers’ compensation insurance market, Insurance Commissioner Steve Poizner announced this week there will be no interim pure premium rate advisory issued by his department.It is the first time in six years the Department of Insurance has not issued a June interim pure premium rate advisory.The reason for not issuing the interim advisory was simple -- advisories are based on recommendations from the Workers’ Compensation Insurance Rating Bureau (WCIRB) and it has not issued any recommendations for a change. Since there was no W...