Calif. To Hold Workers’ Comp Premium Rate Hearing Today
California Insurance Commissioner Steve Poizner will hold a hearing today to receive testimony from the Workers’ Compensation Insurance Rating Bureau (WCIRB) regarding its pure premium rate recommendation. Commissioner Poizner will soon determine the workers’ compensation pure premium rate, which the workers compensation insurance industry uses as a benchmark for filing its rates.
On March 20, 2007, the WCIRB submitted a rate filing to the California Department of Insurance recommending an 11.3 percent decrease in pure premium rates to be effective on policies on or after July 1, 2007.
Poizner has previously stated he supports ongoing workers’ compensation reforms, particularly in their ability to encourage greater competition in the marketplace.
The meeting will be held at 10 a.m. at the California Dept. of Insurance, AHB Hearing Room, 22nd Floor, 45 Fremont Street, San Francisco.
Source: CDI
- JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims
- Airbus, Air France Found Guilty in 2009 Rio-Paris Crash
- Trump Set to Sign AI Cybersecurity Directive as Soon as Thursday
- Tackling The Growing Threat of Legal System Abuse
- Bayer Banking on US Supreme Court’s Help to Rein in Roundup Lawsuits
- ‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco
- Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot
- A 16,000% Problem: Why Workers’ Comp Can’t Get Drug Costs Under Control