The Workers’ Compensation Insurance Rating Bureau’s Governing Committee is scheduled to discuss the Jan. 1, 2021, pure premium rate filing at its next meeting Wednesday.
Last month, Insurance Commissioner Ricardo Lara approved an advisory pure premium of $1.45 per $100 of payroll for 2021, the 10th consecutive rate cut since 2015.
The WCIRB had recommended raising the rate to $1.56, which included a 6 cent average surcharge due to COVID-19-related cost projections across six industry sectors.
Lara, however, opted not to include COVID-19 claim costs in his decision, and he ad...
Comments