Record Closed on California Workers’ Comp Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California wrapped up testimony on Wednesday at a California Department of Insurance public hearing regarding the WCIRB’s Sept. 1, 2021 pure premium rate filing.

The filing was submitted to the CDI in April following a vote to authorize the WCIRB to submit a rate filing that is on average 2.7% above the average approved Jan. 1, 2021 advisory pure premium rates.

Insurance Commissioner Ricardo Lara has issued a notice indicating that the record for the Sept. 1, 2021 Pure Premium Rate Filing closed on July 6.

The commissioner is expected to issue a decision with respect to the WCIRB’s filing within 30 days of the close of the record.

Related:

• California Workers’ Comp Committee Votes for 2.7% Higher Pure Premium Filing
• California Workers’ Comp Written Premium Down 12% over 9 Months of 2020
• California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now

Topics California Workers' Compensation