September 28.
That’s the day now scheduled for public hearings on the WCIRB’s recommendation for a 30% workers’ comp premium rate increase (actually the recommendation is for a 29.6% increase).
Yesterday the WCIRB submitted its pure premium rate filing to the California Department of Insurance. You can see the filing here:
https://wcirbonline.org/wcirb/resources/rate_filings/2011_rate_filings.html
The hearing will be held at the CDI conference room at 45 Fremont Street in San Francisco, 22nd Floor.
The WCIRB press release noted that
“If the full 29.6% increase is approved by the Insurance Commissioner, the January 1, 2011 pure premium rates will still be, on average, 53% lower than the approved pure premium rates in effect July 1, 2003.”
The message to employers? Suck it up.
Stay tuned.
Julius Young
www.boxerlaw.com
Category: Political developments
510.835.8870