NU Online News Service, April 8, 2:57 p.m. EDT
The Workers Compensation Insurance Rating Bureau of California's (WCIRB) Governing Committee has decided to submit an informational filing, rather than a rate filing, to the state insurance department in part to shift focus away from a hard number and toward the actual cost drivers in the workers' comp system.
Earlier this month, WCIRB's Actuarial Committee reported that the workers' compensation system continues to show "significant pure premium rate inadequacy."
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