The Workers Compensation Insurance Rating Bureau of California has recommended the state's workers' compensation insurance pure premium rate be increased 4.2 percent for policies effective Jan. 1, 2008.
State Insurance Commissioner Steve Poizner will make his own recommendation for the pure premium rate, which may or may not be in line with what the WCIRB recommended.
Although the pure premium rate is only advisory in nature and companies are not required to follow it, many will stay relatively in line with the commissioner's recommendation.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
