Today’s issue of WorkCompRecap features the California WCIRB’s recent announcement of its approval and submission of a mid-year pure premium rate filing that proposes a July 1, 2015 advisory pure premium rate of $2.46 per $100 of payroll – 5.0% lower than the corresponding industry average filed pure premium rate as of January 1, and 10.2% less than the approved average January 1, 2015 advisory pure premium rate of $2.74. Find out more by clicking here!
Also in the news today is the Ohio BWC’s recent announcement of its proposal to offer flexible payment options for Ohio businesses. If approved, the plan submitted to the Board of Directors would allow businesses to pay their annual workers’ compensation premiums in two, four, six or twelve installments, and is part of the BWC’s larger transition from retrospective to prospective billing. Find out more by clicking here!