NU Online News Service, Aug. 6, 2:01 p.m. EDT
The California Workers' Compensation Insurance Rating Bureau (WCIRB) will likely recommend an average rate increase of around 30 percent to the state's insurance department later this year.
Jack Hannan, WCIRB communications director, said the WCIRB actuarial committee met earlier this week, and based on its work, the bureau's governing committee is expected to call for an increase in pure premium rates of around 30 percent for 2011 workers' compensation policies.
The WCIRB governing committee will meet next Wednesday, and Mr. Hannan said WCIRB anticipates making its filing with the department on Aug. 17.
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