Flash Report: Commissioner Approves Rate Hike

By: Workers' Comp Executive - The journal of record for the workers' comp community in California.

The California Department of Insurance today approved a 10.1 percent increase in average workers comp pure premium rates effective July 1.Although the pure premium rates are advisory only, its expected that most carriers writing business in the state will follow the Departments recommendation. The pure premium rate is a base rate that covers basic claims costs and is used as a guidepost for pricing policies.Usually the California Workers Compensation Insurance Rating Bureau makes an

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