Proposed Rate Decrease Headed to Insurance Commissioner
Oakland, CA (WorkersCompensation.com) – As expected, a proposed decrease in advisory pure premium rates is on its way to the California Department of Insurance. The Workers’ Compensation Insurance Rating Bureau gave the official OK to reduce the advisory rates an average 5.4 percent. If approved, the rates would take effect in January.
“The proposed average decrease in advisory pure premium rates reflects continued downward loss development, acceleration in claim settlements, ...
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