Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently submitted its September 1, 2022 Pure Premium Rate Filing to the California Department of Insurance (CDI).
The filing, submitted April 29th, proposes advisory pure premium rates that are, on average, 7.6 percent above the average approved September 1, 2021 advisory pure premium rates. The average of the proposed September 1, 2022 advisory pure premium rates is $1.56 per $100 of payroll.
Once the CDI schedules a public hearing to consider the filing, a Notice of Proposed Action and Notice of Public Hearing will be issued and posted in the Filings and Plans section of the WCIRB website. All related filing documents are available on the September 1, 2022 Regulatory and Pure Premium Rate Filings page.
View the filing at the following link: September 1, 2022 Pure Premium Rate Filing (PDF)
Join WCIRB actuaries as they discuss the highlights of the September 1, 2022 Pure Premium Rate Filing recently submitted to the Insurance Commissioner as well as the latest available statewide premium and claim experience. Submit questions when registering so that WCIRB may answer them during the webinar.
The webinar is scheduled for Wednesday, June 1, 2022, 10:00 AM – 11:00 AM PT
September 1, 2022 Pure Premium Rate Filing Documents
Source: CA WCIRB