California Insurance Commissioner Steve Poizner is holding a hearing today to receive testimony from the Workers’ Compensation Insurance Rating Bureau (WCIRB) regarding its pure premium rate recommendation of 5.2 percent.
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 Sept. 21, 2007, the WCIRB submitted a rate filing to the California Department of Insurance recommending a 5.2 percent increase in pure premium rates to be effective on policies on or after Jan. 1, 2008.
The hearing will be held at 9:30 a.m. on Tuesday, Oct. 23 at the California Deptment of Insurance, AHB Hearing Room, 22nd Floor, 45 Fremont Street, San Francisco.
For more information, visit www.insurance.ca.gov.
Source: DOI
Was this article valuable?
Here are more articles you may enjoy.
Thailand Shifts Disaster Risk to Insurers With $467 Million Plan 
Glassdoor: Adjusters Dislike, Fear AI More Than Others 
State Farm Sued by LA County for Delays, Denials to Fire Victims 
Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.