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Poochigian Says WCIRB Numbers Simply Show Reform Needed
03/12/2004
Senator Charles Poochigian R-Fresno issued the following press statement yesterday regarding the revision by WCIRB of industry loss numbers
The Workers' Compensation Insurance Rating Bureau WCIRB has adjusted the prior workers' compensation projected program costs downward for the next five
Category: News
CA Drs On Defensive: Get Better Data Before Accusing
03/12/2004
accountability in reporting expenditures under the Workers' Compensation System.
In its report the professional association of 35000 California physicians pointed to dramatic inadequacies in data released by the Workers' Compensation Insurance Rating Board WCIRB and the California Department of Insurance
Category: News
Schwarzenegger Revises Savings Goal on WCIRB's Mistake
03/12/2004
California Governor Arnold Schwarzenegger at a news conference in Long Beach yesterday said he is willing to consider proposals that do not meet his earlier goal of 11 billion in savings because of the WCIRB's mistake in calculations.
On Wednesday the WCIRB issued a memo to lawmakers admitting
Category: News
WCIRB Admits to $7B Error Further Polarizing Reform Debate
03/11/2004
The California Workers' Compensation Insurance Rating Bureau WCIRB yesterday sent a memorandum to the Department of Insurance saying that it had discovered an error in how it had calculated the impact of workers' comp legislation passed last year by some 7 billion.
While Insurance Commissioner
Category: News
WCIRB's Insolvent Ins Rating Plan Under Review
02/26/2004
On November 10 2003 the insurance commissioner issued a decision with respect to the WCIRB's January 1 2004 Regulatory Filing. In the decision the WCIRB was directed to develop an advisory rating plan that an insurer could use to adjust the premium charge for an employer who no longer qualifies
Category: News
WCIRB Unwilling to Give Alarcon Estimate of SBX 4 Savings
02/20/2004
Senator Richard Alarcon D-Van Nuys says "the refusal of the Workers' Compensation Insurance Ratings Bureau WCIRB to put a figure on the potential savings of the governor's reform package signals the Insurance Industry is once again unwilling to guarantee that savings will be passed on to
Category: News
WCIRB Report Reflects Lack of Discipline for Present Mess
02/05/2004
The Workers' Compensation Insurance Rating Bureau WCIRB of California has released its Report On Q3 2003 Insurer Results reflecting undisciplined behavior by carriers in the late nineties that has come back to haunt employers in the early 2000s with 1999 combined expenses at an all time high
Category: News
Poochigian: CA Costs to Climb Another 8% Despite Reforms
12/19/2003
Fund and the self-insured-are expected to grow significantly even with the enactment of SB 228 and AB 227. According to the Workers' Compensation Insurance Rating Bureau WCIRB total system costs are expected to be 28.2 billion by 2006-up from 11.3 billion in 1998. Without the reforms in last
Category: News
Exclusive CA Special Session Legislative Summary
12/11/2003
September reform efforts from the WCIRB to Insurance Commissioner; would increase the criminal fines in fraud cases from
50000 to 150000; would require doctors to complete a course on treatment guidelines and utilization; would changes times lines on spinal surgery if the employer objects; requires the
Category: News
Garamendi Claims Early Victory on Rate Decreases
12/04/2003
reform legislation the Workers' Compensation Insurance Rating Bureau WCIRB had recommended to the Commissioner that the advisory rate he sets for insurers be increased by 12 percent beginning in January.
Pure premiums primarily represent the cost of claims without associated costs such as profit
Category: News
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