12/08/2023
The Workers Compensation Insurance Rating Bureau of California Governing Committee is meeting at 930 a.m. Wednesday.
The committees Decembe
Category: News
12/01/2023
The Workers Compensation Insurance Rating Bureau of California Actuarial Committee is meeting virtually at 930 a.m. on Dec. 5.
Committee membe
Category: News
11/15/2023
The Workers Compensation Insurance Rating Bureau is holding a webinar in December to discuss the impact of economic changes on the California workers compensation system.
The WCIRB recently analyzed data to assess how the current economic environment drives changes in work comp trends. While
Category: News
11/02/2023
policies incepting on or after Jan. 1 2020.
The agenda for the committees meeting says WCIRB staff have reviewed the audit threshold and while there are indications that it could be reduced slightly the recommendation is to keep the threshold as is. The combined impact of wage inflation and insurer
Category: News
10/20/2023
The Workers Compensation Insurance Rating Bureau is hosting a webinar Nov. 15 to discuss its latest report into geographic differences in claim trends throughout California.
Laura Carstensen
The WCIRB in 2015 started publishing annual assessments of regional similarities and differences
Category: News
10/19/2023
The Workers Compensation Insurance Rating Bureau of California announced that carriers agents and brokers can access 2024 experience modifications for policyholders.
Firms that use WCIRB Connect can view X-mods and experience rating worksheets for any policy user through the online system
Category: News
10/06/2023
2022 wrote 16 billion in premium up from 14 billion in each of the two prior years.
The WCIRB in its latest report also said the average charged rate for 2023 continues to decrease. The average charged rate of 1.68 per 100 of payroll is 3 below the average rate of 1.73 charged in 2022 and the
Category: News
10/02/2023
Claims for COVID-19 decreased significantly starting in February 2022 to about 2 of reported indemnity claims according to the Workers Compensation Insurance Rating Bureau of California.
The WCIRB said COVID-19 claims accounted for nearly one in every seven indemnity claims in the first few
Category: News
09/25/2023
.
Insurance Commissioner Ricardo Lara in July adopted an advisory rate of 1.46 per 100 of payroll a 2.6 reduction. The WCIRB had recommended a 3.4 increase while the actuary for public members of the Governing Committee recommended a 7.3 cut.
In May Lara approved the WCIRBs annual regulatory
Category: News
09/08/2023
experience as of June 30 the model used to forecast claims frequency and WCIRB member analytics tools.
The WCIRB Actuarial Committee meets at 930 a.m. Tuesday. Instructions for accessing the meeting are included on the agenda here.
Category: News