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Carriers Block Mid-Year Workers’ Comp Rate Filing

In what would have been a decrease, the insurance carrier members on the Workers’ Compensation Insurance Rating Bureau governing committee voted unanimously to reject a mid-year 2019 pure premium rate filing. The motion to file was made by the public members on the committee. The decision effectively forestalls any change in California’s approved workers’ comp … Read More »

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Rate-Making Changes Under Consideration

California statutes call for an annual pure premium rate filing, but the norm over the past 16 years has been for employers to see two filings per year as the Workers’ Compensation Insurance Rating Bureau chased rates both up and more recently down. The multiple filings make California an outlier when compared to other states, … Read More »

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Insurance Industry Sticks with Rate Filing

The Bureau is opting not to make an amended rate filing for Jan. 1, 2019 California pure premium advisory rates. The agency reviewed the industry’s second-quarter data and, despite continued improvement, opted not to alter its recommendation for a 4.5% rate cut. Based on the industry’s June 30 experience the indicated rate could come down … Read More »

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Rate Cut in 2019

The insurer members to the Workers’ Compensation Insurance Rating Bureau approved a 2019 rate cut of 4.5% at a meeting a little while ago. The filing, which will be made official in the coming days, is the eighth straight request for a rate cut since the Baker workers’ comp reforms took hold. Overall, approved pure … Read More »

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Big Rate Cut Expected

Calls to cut California’s workers’ comp advisory pure premium rates by 7.2% or even 12.3% effective July 1, 2017, are now under consideration. The mid-year rate cut would represent a cumulative decrease in the state’s advisory rates of 35% to 39% since the advisory rates crested on January 1, 2015 (see rate history chart below). … Read More »

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Proposed Rate Among Lowest Ever, Bureau Says

Insurance Commissioner Dave Jones has less than 30 days to decide whether to lower California’s workers’ comp advisory pure premium rates 7.8%, 9.6%, go lower, or settle on a compromise somewhere in the middle as has been the norm. In either case, Jones promises a speedy turnaround that will have a significant rate cut on … Read More »

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What’s Behind the Commissioner’s Rate Decision

California Insurance Commissioner Dave Jones’ workers’ comp pure premium rate decision trimmed the rate sought by the insurance industry through the recommendation of the Workers’ Compensation Insurance Rating Bureau. The key difference being the estimated costs of medical services going forward. The Department’s actuaries gave more emphasis to the industry’s recent experience in lowering the … Read More »

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Rates Down! Commissioner Gives Employers Early Halloween Treat

California employers got good news in the form of a bigger rate cut than the insurance industry, and the Workers’ Compensation Insurance Rating Bureau, was proposing. California Insurance Commissioner Dave Jones has issued the decision workers’ comp pure premium rates for January 2017. The Commissioner’s decision approves an overall average decrease of that is 5.6% … Read More »

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