WCIRB Asked to Find New Approach to Rate Filings

The California Workers' Compensation Insurance Rating Bureau withdrew its "informational-only" submission on workers' compensation cost drivers after the state Insurance Department decided that the submission would have to be treated as a formal pure premium rate filing.The bureau had sought to file an "informational only" mid-year filing on the pure premium rate that points to the need for a pure premium increase of nearly 40%.But Insurance Department Senior Counsel Chris Citko said even though the rating bureau did not recommend any adjustment in the pure premium rate, the informatio...