Calif. Workers’ Comp Bureau Approves 11.3 Percent Rate Decrease

The Workers’ Compensation Insurance Rating Bureau of California Governing Committee has approved the filing of a 11.3 percent decrease in advisory pure premium rates, effective July 1, 2007 on new and renewal policies with anniversary rating dates on or after July 1, 2007. The WCIRB anticipates making the rate filing with the California Department of Insurance (CDI) on Friday, March 30, 2007. Once submitted to the CDI, the rate filing and related documents will be available in the filings section of the WCIRB Web site at https://wcirbonline.org/.

Source: WCIRB