Workers’ Comp Rating Bureau of California OKs Higher Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 rates.

The proposed advisory pure premium rates reflect loss and loss adjustment experience as of Dec. 31, 2023.

The WCIRB governing committee voted in April to authorize the bureau to submit the rates.

The CDI will schedule a public hearing to consider the filing, and once the notice of proposed action and notice of public hearing is issued, the WCIRB will post a copy in the filings and plans section of the WCIRB website.

The WCIRB scheduled a webinar to discuss the highlights of the filing.

Related:

• Workers’ Comp Rating Bureau of California Governing Committee Oks Higher Pure Premium Rate Filing
• Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure
• California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels