FLASH REPORT: Workers’ Comp Rates To Decrease 1.2% Overall
Carrying out the wishes of its divided governing committee, the Workers' Compensation Insurance Rating Bureau made its amended filing for January 1, 2013 advisory pure premium rates. The filing recommends a 1.2% overall rate decrease. The amended filing eliminates the 12.6% increase in rates the Bureau originally said the industry needed to make up for deterioration in the claims experience, and also avoids the 9.3% increase it says is needed after assessing for the impact of SB 863 on California workers' comp costs. But State Fund’s motives are a question.
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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.
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