The Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10.4% above the average approved September 1, 2025 advisory pure premium rates.
The proposed advisory pure premium rates are based on insurer losses and loss adjustment expenses incurred during accident years 2025 and prior.
Related: California Workers’ Comp Bureau Upping Fee for Special Inspections
WCIRB Executive Vice President and Chief Actuary Tony Milano noted that the more notable drivers of the change were increased frequency of cumulative trauma claims as well as higher medical costs and allocated loss adjustment expenses.
The WCIRB expects to submit its filing to the CDI by the end of April. The CDI will schedule a public hearing to consider the filing.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau 
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says 
AI’s Water Strain Includes Surging Demand From Electricity Use 
