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 …
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 …
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). …
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 …
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 …
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% …
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 …
The Workers’ Compensation Insurance Rating Bureau’s Governing Committee will meet in the morning to consider amending its 2017 filing for a 2.6% pure premium rate cut and indications are that the final number could end up north of 4%. The difference between what is on file and the likely final rate recommendation is not normally …