California Workers Compensation Rate Increase?
The Workers’ Compensation Insurance Rating Bureau of California said Wednesday that it will seek a midyear increase in workers comp advisory rates in the state. The San Francisco-based WCIRB said it will ask this month for an average pure premium rate of $2.51 per $100 of payroll. That’s up 7.7% from a rate of $2.33 per $100 of payroll in WCIRB’s Jan. 1 rate filing. California Insurance Commissioner Dave Jones approved an advisory pure premium rate filing of $2.30 per $100 of employer payroll back in November 2011. The WCIRB’s upcoming rate filing is expected to be submitted April 13 to the… Read More »California Workers Compensation Rate Increase?