Low Goes with 10.5 Percent Premium Boost

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

California's insurance commissioner Oct. 18 ordered that the state's average pure premium rate increase 10.5 percent in 2003.That's shy of the 13.4 percent average increase the Workers' Compensation Insurance Rating Bureau had asked for, leading some observers to worry that the published rates might once again be inadequate next year. The Department of Insurance in its decision ordering the lower rate increase objected to the changes the Rating Bureau made in its methodology for predict

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