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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
CA Politicians Already Start Spin for 'Clean-Up'
09/22/2003
and predictable.
While the WCIRB has issued preliminary estimates on the 'reform' bills it has reserved judgment until it is able to better study the bill language and crunch numbers. They have promised a more complete analysis when the present a report on September 29. "Until then all numbers are
Category: News
Doubts About CA Reform Savings Continue
09/19/2003
developed by the WCIRB which will present its analysis on 929 the numbers of those doubting that much if any savings will actually be realized from the suite of bills is rising. Some even contend that costs will continue to rise.
As an example workcompcentral has heard from several medical providers
Category: News
WCIRB Estimate on Savings Not What Hoped For
09/17/2003
The California Workers' Compensation Insurance Rating Bureau has release preliminary estimates of savings that might be anticipated with the recently passed workers' compensation reform bills now sitting on Gray Davis' desk for signature.
The WCIRB
currently estimates that the total statewide
Category: News
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