California Workers’ Comp Rate Filing Submitted

California’s Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2007 pure premium rate filing to the California Department of Insurance (CDI) recommending changes to the California Workers’ Compensation Uniform Statistical Reporting Plan – 1995 and the California Workers’ Compensation Experience Rating Plan – 1995 effective Jan. 1, 2007, and amendments to the California Insolvent Insurer Rating Adjustment Plan. The Aug. 16, 2006 filing will be amended on or about Sept. 15, 2006 to incorporate the proposed Jan. 1, 2007 pure premium rates.

The proposed pure premium rates are being submitted on or about Sept. 15, 2006 in order to permit the use of loss experience valued as of June 30, 2006 in the pure premium rate computation. In prior years, proposed changes to pure premium rates were submitted to the CDI based on loss experience valued as of March 31 and subsequently amended to reflect the June 30 experience once it became available.

On Sept. 28, 2006, the CDI will hold a public hearing concerning the WCIRB’s filing. The hearing will begin at 9:30 a.m. and will be held in the CDI Public Hearing Room located on the 22nd floor of 45 Fremont Street in San Francisco.

The filing and all related documents may be viewed or downloaded from the Filings section of the WCIRB website at http://wcirbonline.org/index2.asp?section=6&subsection=0&content=resources/rate_filings.asp.

Source: WCIRB