May 19, 2025 | Oakland, CA — MedLegalNews.com – Pure Premium Rate: The California Department of Insurance (CDI) will hold a virtual public hearing on June 10, 2025, at 1:00 PM PT to review the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Pure Premium Rate Filing, which proposes changes effective September 1, 2025.
WCIRB Seeks Rate Updates
WCIRB submitted the filing on April 30, 2025, asking CDI to approve updates to advisory pure premium rates. These updates reflect new projections for system costs and claim trends. Although not binding, pure premium rates serve as benchmarks that help insurers set workers’ compensation premiums in California.
How to Participate
The hearing will be held virtually, allowing employers, insurers, attorneys, and labor advocates to attend and offer public comments.
Accessing Materials
The Notice of Proposed Action and Public Hearing, along with background documents, appears in the Regulatory and Pure Premium Rate Filings section on the WCIRB website. Presentation materials will be available by June 3, 2025, ahead of the hearing.
Why This Hearing Matters
CDI evaluates WCIRB’s proposals to confirm they align with actuarial data and legal requirements. Although advisory, these rates affect how insurers price coverage, impacting policyholder costs and the stability of the workers’ compensation system.
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