2019 Rate Cut Deeper Than Carriers Wanted

Insurance Commissioner Dave Jones’ has made the rate decision. It is the last of his tenure. It calls for an 8.4% cut in California’s workers’ comp advisory pure premium rates. The change is effective for policies that renew or incept on or after Jan. 1, 2019. California Employers will be happy. The cut is far … Read More »

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Carrier Rate Filings Precede WCIRB’s Rate Recommendation

The Workers’ Compensation Insurance Rating Bureau is still completing its calculations for an upcoming double-digit hike in the state’s advisory pure premium rates. This will be for policies incepting or renewing on or after Jan. 1, 2013 and follows the 45% rate hike over the last year adopted by Insurance Commissioner Dave Jones.  There was a … Read More »

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Carriers Likely Will Ignore Garamendi’s Final Rate Announcement

Few if any insurers in California are taking seriously the nearly 10 percent advisory pure premium workers’ comp rate decrease that outgoing Insurance Commissioner and incoming Lt. Gov. John Garamendi approved. It was announced just four days before the election. The Workers’ Compensation Insurance Rating Bureau recommended 6.3 percent decrease months before. Carriers and producers … Read More »

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