In continuing news:

At its meeting today in San Francisco, the WCIRB Governing Committee voted to amend the WCIRB’s January 1, 2015 Pure Premium Rate Filing that was originally submitted to the California Department of Insurance (CDI) on Aug. 19, 2014. The vote to amend the filing was based on the WCIRB Actuarial Committee’s review of newly compiled June 30, 2014 insurer experience which shows lower than anticipated loss development in the second quarter and some moderation in the 2013 indemnity claim frequency growth. The WCIRB will amend its filing to propose advisory pure premium rates that average $2.77 per $100 of payroll in lieu of the pure premium rates averaging $2.86 per $100 that were contained in the Aug. 19, 2014, filing. Read the full story from Workers’ Compensation Institute here.