The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure premium rates.
The proposed advisory pure premium rates are based on insurer losses and loss adjustment expenses incurred during accident years 2024 and prior valued as of December 31, 2024.
Related: Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows
WCIRB Executive Vice President and Chief Actuary Tony Milano noted that on average, the proposed September 1, 2025 advisory pure premium rates are higher than the advisory pure premium rates proposed by the WCIRB in the September 1, 2024 filing.
According to Mr. Milano, the more notable drivers of the change were increased medical loss development, increased frequency of cumulative trauma claims, higher average medical costs and higher allocated loss adjustment expenses.
Related: California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic
The WCIRB expects to submit its September 1, 2025 Pure Premium Rate Filing to the California Department of Insurance by the end of April. The CDI will schedule a public hearing to consider the filing.
Topics California Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs 
State Farm to Increase Claims Workforce by 3,000 
