WCIRB: No Change in Pure Premium Rate, Too Low as Is

Yesterday the Governing Committee of the Workers' Compensation Insurance Rating Bureau (WCIRB) announced that it had declined to make any changes in the pure premium rate level for July 1, 2004.On Wednesday, the Governing Committee met to consider the recommendation of the WCIRB Actuarial Committee with respect to filing for a change in the pure premium rate level. According to the WCIRB, a review of recent medical and indemnity loss experience valued as of December 31, 2003 produced projections that are consistent with the projections that underlie the WCIRB's January 1, 2004, filing. In J...