In a late Friday afternoon announcement California Insurance Commissioner Dave Jones approved a 7.6% increase for the 2014 workers’ comp pure premium advisory rates. The decision by the California Department of Insurance (CDI) knocked roughly five cents off what the Workers’ Compensation Insurance Rating Bureau (WCIRB) had asked for last month in its amended rate …
California employers are finally catching a break. The Bureau’s actuarial committee just finished its deliberations and determined that a mid-year pure premium rate increase is not needed. The final decision is up to the insurance carriers that fund the Bureau and which run its governing committee. They are expected to agree. Committee members did hear, …
Several workers’ comp carriers are filing pure premium rates increases in California, while others are taking a different tact and tweaking their territorial rating plans to generate an increase. The recent filings are by companies in the Guard Insurance and Old Republic Groups. Companies in the Guard group are taking increases ranging from 2.3% to …
Here is the video report providing the accurate new workers’ comp rates. The Commissioner approved and increase that is more than expected and more than the industry asked for. To find out how much of an increase Click here to get all the answers in our video news report or to read the full text. …
Employers hoping to escape a 2013 rate hike thanks to the just passed workers’ comp reforms are getting a jolt of increase reality anyway. The Workers’ Compensation Insurance Rating Bureau’s actuarial committee just completed its review and will recommend a decrease of only one point in the Bureau’s annual pure premium rate filing. In other …
The Workers’ Compensation Insurance Rating Bureau’s Governing Committee just completed its deliberations and agreed to seek a 12.6% increase in the advisory pure premium rates for Jan. 1, 2013 new and renewal policies. The decision represents a 10.3% increase from the filing the Bureau made in April for July 1 policies, and an 11.2% increase …
The Workers’ Compensation Insurance Rating Bureau’s Actuarial Committee just completed its deliberations over the bureau’s annual rate filing and will be recommending a double-digit increase in the underlying pure premium rates. A final number is not yet available due to changes in the underlying methodologies approved by the committee, but members of the committee and …
The Workers’ Compensation Insurance Rating Bureau (WCIRB) made it official and submitted a mid-year filing for a 9.1% increase in the pure premium advisory rate that Insurance Commissioner Dave Jones approved less than six months ago. The proposed July 1 increase follows the 37% increase that Jones approved for January 1 that was hidden by …