On Thursday, September 4, 2014, the WCIRB Governing Committee voted to amend the WCIRB’s January 1, 2015 Advisory Pure Premium Rate Filing to propose advisory pure premium rates that average $2.77 per $100 payroll in lieu of the advisory pure premium rates averaging $2.86 per $100 of payroll that were proposed in the WCIRB’s initial August 19, 2014 Filing. See related WCIRB Wire: Governing Committee Votes to Amend Filing.
Earlier today, the WCIRB submitted the amended Filing to the California Department of Insurance. The amended Filing and all related documents are available in the Publications and Filings section of the WCIRB website (www.wcirb.com).
The Insurance Commissioner has scheduled a public hearing to consider the WCIRB Filing. The hearing will be held on October 8, 2014 at
10:00 AM in San Francisco at 45 Fremont Street in the 22nd Floor Hearing Room. Once a Decision is issued with respect to the WCIRB’s Filing, the WCIRB will post approved pure premium rates and experience rating plan values to the Publications and Filings section of its website.