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.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’ 
Florida Senate President Says No Major Insurance Changes This Year 
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
