California’s Workers’ Compensation Insurance Rating Bureau is considering requesting a 30 percent increase in pure premium rates for 2011 policies.
The news that California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) might ask for the increase came out of a meeting of the bureau’s actuarial committee. That committee makes a recommendation to the WCIRB’s governing committee, and then the governing committee makes the request to the states Department of Insurance.
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