California Commissioner Favors Lower WC Premium Than Board

California Insurance Commissioner Dave Jones adopted an advisory average pure premium rate of $2.70 per $100 of employer payroll for workers’ compensation rates effective Jan. 1, 2014, which is lower than that proposed by the Workers’ Compensation Insurance Rating Bureau.

WCIRB’s proposed advisory average rate was $2.75 per $100 of payroll. WCIRB’s proposed advisory average pure premium rate is 8.7 percent above the industry’s average filed rates as of July 1. Jones’ adopted pure premium rate is 6.7 percent above the industry’s average filed rates as of July 1.

Read More: California Commissioner Favors Lower WC Premium Than Board.

Join the Conversation on Linkedin | About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.