Mid-Term Pure Premium Hike? It Could Happen to You

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

SAN FRANCISCO - The Workers' Compensation Insurance Rating Bureau is considering asking the state insurance commissioner for a mid-term pure premium rate hike. The Bureau is considering the unusual request due to escalating costs that continue worsening with each new quarter's worth of data. Estimates for average ultimate costs per claim for 1999, for example, have increased with each quarter's worth of new data all last

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