pure premium News

Oregon Workers’ Comp Pure Premium Rate to Drop 3.2%

Oregon employers will pay on average less for workers’ compensation coverage in 2025. The Oregon Department of Consumer and Business Services the decline in workers’ comp rate, which marks 12 years of average decreases in the pure premium rate. Employers …

California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

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 …