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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
WCIRB Refuses Amendment to 12% Hike Request
09/15/2003
The WCIRB of California testified before the Department of Insurance on Friday and said that they do not plan on amending the pending 12 advisory
pure premium rate increase.
The rate increase filed 730 with the DOI is sought for policies incepting on or after January 1 2004.
Citing
Category: News
CA 'Reform' Packages Goes to Governor's Desk
09/15/2003
sink."
"To refuse this because you may be able to do something better in the future is nuts" said Assemblyman John Dutra D-Fremont.
In the meantime the WCIRB refused to modify a pending 12 pure premium rate hike request until it has further analyzed the data to determine whether any
Category: News
CA Reform Bills Criticized, Passage in Question
09/12/2003
.
According to the California Coalition on Workers' Compensation the WCIRB has only been able to estimate a total of 2 billion in one time savings for the repeal of the treating physician presumption and 3.3 billion in on going savings due to the repeal of the vocational rehabilitation benefit institution
Category: News
Press Conference Shows Mixed Reaction to 228
09/11/2003
the estimated savings. Garamendi told the audience that he felt confident the savings were sufficient to avoid the pure premium rate hike proposed by the WCIRB scheduled to take effect in January. There will be a WCIRB meeting on Friday to discuss the issue.
Gov. Gray Davis joined the conference
Category: News
CA Work Comp Reform Getting More Remote
09/09/2003
previously critical of the legislature's inability to compromise spent yesterday afternoon working the conference committee members to come up with a compromise that at least will do something.
In the meantime the Committee has been peppered with data from various sources including the WCIRB which says
Category: News
WCIRB : CA Premium to Reach $20 Billion
09/03/2003
The California Workers' Compensation Insurance Rating Bureau WCIRB has compiled a summary of insurer reports of loss and premium experience valued as of March 31 2003.
This summary is based on data reported to the WCIRB by insurers that wrote approximately 99 of the statewide 2002 insurance
Category: News
Garamendi Proposals High on CA Committee List
09/03/2003
7.2 was approved and became effective July 1 for policies beginning or renewing on or after that date. And finally last month the WCIRB recommended yet another advisory pure premium rate increase of 12 to become effective January 1 2004 for policies beginning or renewing on or after that date
Category: News
AIA: Do Not Mandate Premium Reductions in CA
08/28/2003
California Insurance Commissioner John Garamendi and the Workers' Compensation Insurance Rating Bureau WCIRB were correct in calling for stabilization of the workers' compensation insurance market before employers will see a difference in their premiums the American Insurance Association AIA
Category: News
CA Auditor: MDs the Problem; AD Ineffective
08/28/2003
convert costs for insured employers to include the costs for all self-insured employers in the State the auditor's offrice estimates the total workers' compensation cost for the system in 2002 to be approximately 25.1 billion about 5.7 billion of which was paid for medical costs.
The WCIRB reported
Category: News
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