pure premium News

California Workers’ Comp Committee OK’s .03% Higher Pure Premium Filing

The Workers’ Compensation Insurance Rating Bureau of California’s Governing Committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2023 pure premium rate filing to the state’s Insurance Commissioner on average 0.3% above the average approved September …

California Insurance Commissioner Leaves Workers’ Comp Benchmark Rate

California Insurance Commissioner Ricardo Lara on Tuesday adopted and issued a rate for workers’ compensation insurance pure premium that he said reflects California’s still-recovering economy. Lara’s action maintains the benchmark rate at $1.45 per $100 of payroll for workers’ comp …

California Workers’ Comp Bureau Submits Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California has submitted its Jan. 1, 2021 pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are on average 2.6% above the average approved Jan. 1, …

California Insurance Commissioner OKs Workers’ Comp Pure Premium Reduction

California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth consecutive reduction to …

California Workers’ Compensation Bureau Testifies on 2020 Advisory Rate Drop

The Workers’ Compensation Insurance Rating Bureau of California on Monday presented the actuarial basis for an average proposed Jan. 1, 2020 advisory pure premium rate of $1.58, which is 5.4 percent less than the average of the current Jan. 1, …

California Workers’ Comp Committee Votes for Drop in 2020 Pure Premium Filing

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Jan. 1, 2020 advisory pure premium rate filing to the California Insurance Commissioner that will be on average 5.7% below …

California Lowers Workers’ Comp Advisory Rate Again

California Insurance Commissioner Dave Jones on Wednesday issued a revised advisory workers’ compensation pure premium rate, lowering the benchmark to $1.63 per $100 of payroll effective Jan. 1, 2019. Jones has reduced the advisory pure premium rate by about 42 …

California Workers’ Compensation Bureau Submits Lower Pure Premium Filing

The Workers’ Compensation Insurance Rating Bureau of California on Monday submitted an advisory pure premium rate filing lower than last year’s approved rate to the California Insurance Commissioner. The advisory pure premium rates proposed to be effective Jan. 1, 2019 …

California Commissioner: Insurers Pocketing Comp Profits, Not Passing Savings to Employers

California Insurance Commissioner Dave Jones on Tuesday adopted a revised workers’ compensation insurance advisory pure premium rate by lowering the benchmark to $1.74 per $100 of payroll for workers’ comp. The change is effective July 1, 2018. Jones has reduced …

California Commissioner Adopts $1.94 Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones has adopted an advisory pure premium rate that lowers the benchmark to $1.94 per $100 of payroll for workers’ compensation insurance. The advisory rate is effective Jan. 1, 2018. The rate is 17.1 percent less …