E-Alert Item: Workers’ Compensation: Rates May Be Headed Up Yet Again

In what could be another economic blow to California employers, the actuarial committee of the Workers’ Compensation Insurance Ratings Bureau is recommending a midyear increase of 11 percent to the pure premium rate. This recommendation follows on the heels of 10.5 percent increase that took effect on January 1, 2003. Note that the pure premium rate is only advisory, and insurers are not required to implement it, although many do.