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WCIRB Analysis Of Dec 31, 2009 Experience Submitted To DOI

19 Apr, 2010 WorkersCompensation.com

                               

Sacramento, CA (CompNewsNetwork) - On April 16, 2010, the WCIRB submitted to the California Department of Insurance (CDI) an analysis of premium and loss experience valued as of December 31, 2009. The WCIRB's analysis shows that the indicated July 1, 2010 change in pure premium rates ("Claims Cost Benchmark") is +21.1%. Inasmuch as this indication is essentially unchanged from the indication reflected in the

January 1, 2010 filing, the WCIRB Governing Committee voted on April 7, 2010 not to submit a pure premium rate filing for July 1, 2010. In August, the WCIRB will submit its annual pure premium rate filing containing revised pure premium rates proposed to become effective January 1, 2011.

The analysis of December 31, 2009 experience submitted to the CDI is available in the Data and Reports section of the WCIRB website.

Source: Workers' Compensation Insurance Rating Bureau of California


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