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WCIRB Seeks Distance From Garamendi Rate Ruling

11/10/2003
Commissioner issued a decision regarding the WCIRB's amended January 1 2004 regulatory filing. In the amended filing made on November 3 2003 the WCIRB recommended that pure premium rates be reduced on average from 2.9 to 5.3. See WCIRB Files Amended January 1 2004 Regulatory Filing. In the decision

Category: News

CA WCIRB Publishes Amended Rate Filing

11/06/2003
on November 3 2003 the WCIRB provided an updated evaluation of the impact of AB 227 and SB 228 on the indicated 2004 pure premium rate level. The updated evaluation reflects consideration of additional information and data related to several SB 228 provisions for which no cost savings were

Category: News

3rd Hearing Set on WCIRB Rate Request

10/15/2003
The California Department of Insurance CDI has set a date for the continuance of the public hearing regarding the WCIRB's January 1 2004 regulatory

Category: News

Risk Mgr Says Comp Reform Math Doesn't Add Up

10/14/2003
. According to the Workers' Compensation Insurance Rating Bureau WCIRB the agency that tracks all the system costs and reports them to the Insurance Commissioner the total cost of medical expenses for the year 2002 was only 4.1 billion. The WCIRB released a preliminary estimate of the cost

Category: News

Garamendi Says More Savings Due, PD Rating Next

10/13/2003
assessment of the current state of the system Garamendi said that the present reform package will save California about 4 billion and that he anticipates even greater savings once the WCIRB has accessed the impact of restricted medical utilization that has been built into the bills. Projected savings

Category: News

IRMI Announces New CA Reference Manual

10/06/2003
leasing "sovereign nation" and other alternative programs deal with insurer insolvencies and the State Fund and negotiate important premium issues with the WCIRB or underwriters. It will also help attorneys representing insurers or insureds in premium disputes. This thoroughly-indexed reference and

Category: News

WCIRB Publishes Amended Rate Filing

10/01/2003
At a California Department of Insurance CDI public hearing held on September 29 2003 the WCIRB submitted an amended January 1 2004 Regulatory Filing. The amended filing reflects the WCIRB's estimate of cost savings resulting from Assembly Bill 227 AB 227 and Senate Bill 228 SB 228. These

Category: News

WCIRB Says 2.9% Decrease, Garamendi Wants 4%

09/30/2003
California Insurance Commissioner yesterday was told by the WCIRB that a rate reduction of 2.9 may be instituted on rates adopted July 1 based on savings estimates derived from the suite of pending workers' comp reform legislation of which SB 228 and AB 227 are the primary bills. Garamendi

Category: News

Alarcon Writes Garamendi: WCIRB Ignores Savings

09/29/2003
Senator Richard Alarcon released the following correspondence he sent to Insurance Commissioner John Garamendi in advance of today's testimony and rate making hearing. In the letter Alarcon expresses his concern that the WCIRB and the Department of Insurance will not give full credibility to the

Category: News

CA Rate Hearing Today to be Closely Watched

09/29/2003
The California Workers' Compensation Insurance Rating Bureau WCIRB is anticipated to recommend today that the previously requested 12 rate hike be rejected and that present rates be decreased by 1. California Insurance Commissioner John Garamendi today will take testimony regarding the

Category: News

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