SAN FRANCISCO— There will be no mid-year rate adjustments. The Actuarial Committee of the Workers' Compensation Insurance Ratings Bureau at its meeting yesterday recommended against any changes. The recommendation could still be overruled by the Bureau's Governing Committee, but word on the street is that they won't.

"It appears by the loss experience that the losses are emerging as projected," Jack Hannan, Bureau spokesman, told Workers' Comp Executive. "So without any legislative or regulatory changes coming it was seen that a filing is not necessary. That's the Actuarial Committee's recommendation to the Governing Committee."

"We look at the data as its being reported right now and base our decision on what the data says today. As you move through time and assumptions and methodologies change, you may arrive at a different conclusion. And that's what you're seeing here," notes Hannan. "At the time, given the data that we were looking at, the methodologies that we had been using historically and what we knew at the time, we saw that an increase in pure premium rates was warranted. But that was six months ago."