Flash Report: Bureau Recommends 5.2% decrease for Jan. 1

Continuing the downward spiral in rates, the California Workers Compensation Insurance Rating Bureau is recommending a 5.2 percent decrease in the pure premium rate for policies incepting and renewing Jan. 1, 2006. The forth decrease recommended by the Bureau, it represents the positive trend in loss adjustment development and the impact of the workers comp reforms of those developments.The Bureau recommended a 13.8 percent decrease for July 1, but Insurance Commissioner John Garamendi