California Bureau May Ask for 30 Percent Workers’ Comp Increase

Posted in Insurance Tips by Rachel Ramirez on August 6, 2010 No Comments yet

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.

Read more…