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WCIRB Expects Written Premium to Recover by End of 2022
10/06/2021
are expected make up ground during the second half of 2021 said Tony Milano vice president and actuary with the WCIRB.
We think when the full year comes in well see a modest increase in written premium compared to the 2020 level which was 14 billion and an eight-year low he added.
As
Category: News
Written Premium Down 8% Through First Half of 2021
09/29/2021
Written premium for the first half of 2021 is down 8 compared to the same period in 2020 according to the latest quarterly experience report by the Workers Compensation Insurance Rating Bureau of California.
The WCIRB reports written premium of 7 billion as of June 30. The WCIRB also
Category: News
WCIRB Governing Committee Meets Wednesday
09/17/2021
The Workers Compensation Insurance Rating Bureau of California Governing Committee will review pending regulatory legislative and judicial action
Category: News
WCIRB : Frictional Costs Decline, but Comp Expenses Still Dwarf Other States
09/15/2021
have gotten a little better in terms of frictional costs and gone down a bit in some areas theyre still far higher than in other states WCIRB Senior Vice President and Chief Actuary Dave Bellusci said Tuesday during an Actuarial Committee meeting.
In most categories Californias frictional
Category: News
Classification and Rating Committee to Meet Sept. 22
09/10/2021
review of the biomedical research classification was a pilot study to help establish a framework for the systematic review of other classifications in the future.
According to the agenda for the meeting the study prompted the WCIRB to propose that the 4512 classification be amended to include
Category: News
WCIRB Reviews Changes to Multiple Enterprises Rule
09/09/2021
to the highest-rated classification applicable to any of these operations conducted in a common workspace the WCIRB said in a Wire Alert.
The WCIRB said the changes are intended to make the rule easier to administer while also promoting consistent and accurate data reporting.
The WCIRB posted
Category: News
Medical Payments Fall 9.4% to $1.8B in 2020
09/07/2021
Medical payments fell to 1.8 billion in calendar year 2020 down 9.4 compared to the approximately 2 billion in medical payments for 2019 according to a new report from the Workers Compensation Insurance Rating Bureau of California.
The WCIRB said the significant decline in overall medical
Category: News
WCIRB Releases 2021 Interactive Industry Stats Report
09/02/2021
Stats page of the WCIRB website.
Category: News
Written Premium Down 13% in First Quarter of 2021
08/05/2021
. At the same period in 2020 which preceded the start of the pandemic total written premium was 4.2 billion.
The WCIRB also reported the average charged rate of 1.74 per 100 of payroll for the first quarter of 2021 is 2 below the average charged rate of 1.77 for 2020. Average charged rates in
Category: News
WCIRB Posts Updated Loss-Elimination Ratios, Advisory Plan Tables
07/30/2021
-leveling factors the WCIRB said in a Wire Alert issued Thursday. Additionally the WCIRB has updated other tables included in the advisory California Retrospective Rating Plan California Large Risk Deductible Plan and California Small Deductible Plan.
The WCIRB said it develops advisory plans for
Category: News
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