The Workers’ Compensation Insurance Rating Bureau of California wrapped up testimony on Wednesday at a California Department of Insurance public hearing regarding the WCIRB’s Sept. 1, 2021 pure premium rate filing.
The filing was submitted to the CDI in April following a vote to authorize the WCIRB to submit a rate filing that is on average 2.7% above the average approved Jan. 1, 2021 advisory pure premium rates.
Insurance Commissioner Ricardo Lara has issued a notice indicating that the record for the Sept. 1, 2021 Pure Premium Rate Filing closed on July 6.
The commissioner is expected to issue a decision with respect to the WCIRB’s filing within 30 days of the close of the record.
Related:
- California Workers’ Comp Committee Votes for 2.7% Higher Pure Premium Filing
- California Workers’ Comp Written Premium Down 12% over 9 Months of 2020
- California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now
Topics California Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Trump Approves Disaster Requests for at Least 7 States; Others Wait 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
