On August 26, 2020, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) submitted its January 1, 2021 Pure Premium Rate Filing to the Insurance Commissioner, proposing advisory pure premium rates that average $1.56 per $100 of payroll, which is 2.6 percent above the average January 1, 2020 advisory pure premium rates. Today the WCIRB submitted an amended January 1, 2021 Pure Premium Rate Filing to the California Department of Insurance (CDI).
While the overall average pure premium rate of $1.56 per $100 of payroll was not amended, the WCIRB amended individual proposed advisory pure premium rates by classification to reflect updated information on the frequency of COVID-19 claims by industry sector. These amounts, while averaging $0.06 per $100 of payroll as in the WCIRB’s original January 1, 2021 filing, range from $0.01 per $100 of payroll for the Information industry sector to $0.24 per $100 of payroll for segments of the Healthcare and Social Assistance industry sector.
The amended filing and all related documents are available in the Filings and Plans section of wcirb.com.
The CDI has scheduled a public hearing via electronic participation to consider the rate filing:
Date: Monday, October 5, 2020 at 10:00 AM PT
Toll-free telephone number: 877-226-8143
Access code: 6851851
Once a Decision is issued with respect to the WCIRB’s filing, the WCIRB will post the approved advisory pure premium rates to the Filings and Plans section of wcirb.com.