Flash Report: Bureau to Seek Mid-Term Rate Hike

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

The Workers' Compensation Insurance Rating Bureau's governing committee has voted to ask the Department of Insurance for a mid-year pure premium rate increase. After reviewing insurance industry data through the end of 2001, the Bureau decided to ask for a 10.1 percent increase in rates.The Bureau will file its recommendation with the Department of Insurance by the end of March. After that, the Department would have to hold hearings on the recommendation.Should the Department approv

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