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WCIRB : Frictional Costs Down, but Still High in Golden State
12/09/2021
benefits in California. While thats down from earlier assessments finding the cost of delivering 1 in benefits was more than 50 cents it is still nearly double the 25 cents it costs to deliver the same benefits in the median workers compensation system WCIRB Vice President and Actuary Tony Milano said
Category: News
WCIRB Releases Report on Frictional Costs
12/02/2021
expenses is highly impacted by where the claim occurs and whether it involves a cumulative trauma injury.
Claims with higher ALAE are associated with higher indemnity and medical costs.
The WCIRB will discuss the findings from the report during a webinar from 10-11 a.m. on Wednesday. Registration
Category: News
WCIRB to Profile Restaurant Industry During Webinar
11/19/2021
The Workers Compensation Insurance Rating Bureau will profile the restaurant classification one of the largest in California with more than 5000
Category: News
WCIRB Holding Webinar on Frictional Costs
11/17/2021
The Workers Compensation Insurance Rating Bureau will discuss frictional cost drivers in California at a Dec. 8 webinar.
Tony Milano
Tony Milano vice president of actuarial services for the WCIRB will explain why frictional costs are higher in California than they are in other states
Category: News
WCIRB Profiling Restaurant Industry During Dec. 2 Webinar
11/12/2021
The Workers Compensation Insurance Rating Bureau of California will discuss common characteristics of restaurant industry claims during a Dec. 2 webinar.
The presentation will cover claim cost patterns and key cost drivers in the restaurant industry. The WCIRB said the webinar will provide
Category: News
WCIRB Mulls Inclusion of COVID Claims in Experience Rating
11/09/2021
would exclude COVID-19 claims from experience modifications or X-mods.
WCIRB Executive Vice President and Chief Actuary Dave Bellusci said during a webinar last week that the bureau initially questioned whether COVID-19 claims are indicative of an employers safety practice or risks of future
Category: News
WCIRB Presenting Findings From 2021 Geo Study
11/04/2021
The Workers Compensation Insurance Rating Bureau will discuss findings from its 2021 study of geographic differences in California claim development during a Nov. 30 webinar.
Since 2015 the WCIRB has been releasing annual reports on regional similarities and differences in claim frequency and
Category: News
Comp Claims Fall as Percentage of Statewide COVID Infections
11/03/2021
the WCIRB report notes. Typically about one-third of non-COVID-19 claims are self-insured employer claims.
The WCIRB also reported 1056 death claims relating to COVID-19 including 858 in 2020 and 198 in 2021. Fewer than 500 death claims are filed in a typical year. The rating bureau added that
Category: News
WCIRB Webinar to Review COVID Claims
10/21/2021
The Workers Compensation Insurance Rating Bureau of California will review the dynamics of COVID-19 claims during a Nov. 4 webinar.
More than 160000 comp claims for COVID-19 have been filed since the start of the pandemic. The WCIRB said its webinar will summarize the characteristics of the
Category: News
WCIRB Publishing 2022 X-Mods
10/06/2021
The Workers Compensation Insurance Rating Bureau of California said it has issued more than 88 of experience modifications that insurers agents brokers and policyholders can rely on for Jan. 1 policy renewals.
Insurers agents and brokers who use WCIRB Connect can view the experience
Category: News
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