pure premium rate News

California Insurance Commissioner Dave Jones on Friday adopted an advisory average pure premium rate of $2.74 per $100 of employer payroll for workers’ compensation rates effective Jan. 1, 2015. The adopted amount is lower than that proposed by the Workers’ …

A workers’ compensation rate hike looks to be in the works for California. The Workers’ Compensation Insurance Rating Bureau Actuarial Committee met Wednesday and reviewed the June 30 experience, which showed “significant adverse medical loss development and increasing indemnity claim …