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WCIRB Posts State of the System Report
07/28/2021
since 2021.
Videos the WCIRB posted cover topics including COVID-19 claims and the pandemics impact on the economy an update on rates and premium and a review of insurer results. Three more videos explore the drivers of claim frequency severity and frictional costs.
The report and videos are
Category: News
Insurance Commissioner Lowers Advisory Pure Premium Rate to $1.41
07/22/2021
Compensation Insurance Rating Bureau and Bickmore actuary Mark Priven who consults with public members of the WCIRB's Governing Committee.
WCIRB recommended raising the rate 3.4 to 1.51 while Priven proposed a 7.6 rate decrease to 1.34.
The Department of Insurance said the new rate will protect
Category: News
WCIRB : State Survived COVID-19 'Shock' and — Hopefully — Will Return to Comp 'Golden Age'
07/22/2021
said Wednesday.
Bill Mudge
The 2020s are off to a different and never-before-seen start with a global pandemic and a historic recession WCIRB President and CEO Bill Mudge said during the first day of the bureaus annual conference. And now the beginnings of recovery. All that occurring
Category: News
WCIRB : Payroll Reporting Rules to Change With End of Emergency Order
07/21/2021
COVID-19 the insurance commissioner adopted a rule effective July 1 2020 modifying payroll reporting rules. The WCIRB said it confirmed with the insurance commissioner that the governors June 11 order constitutes a lifting of the stay-at-home order.
One provision will remain in place until 60
Category: News
SB 1160 Data Unsurprising, but More Time Needed to Address Issues, Stakeholders Say
07/09/2021
.
After WCIRB researchers examined medical transaction data on claims with accident dates between January 2017 and December 2020 the bureau said there was no evidence that SB 1160 significantly changed the cost of medical services within six months after the date of injury.
Actuaries who gave
Category: News
WCIRB : $4.2B for Medical, $3.7B for Indemnity in 2020
06/30/2021
Combined loss payments for medical services and indemnity benefits fell about 6.3 to 7.9 billion in 2020 from 8.4 billion the year before the Workers Compensation Insurance Rating Bureau of California reported.
The WCIRB said 4.2 billion or 53 of total loss payments in 2020 were for
Category: News
SB 1160's UR Rules Haven't Led to Increased Use of Medical Services, WCIRB Says
06/23/2021
indication that utilization review would go down because it exempted some medical services from UR WCIRB Senior Vice President and Chief Actuary Dave Bellusci said Tuesday during an Actuarial Committee meeting. On the other hand there were some concerns we heard from some of the claims people that taking
Category: News
WCIRB Actuarial Committee Meets Tuesday
06/17/2021
The Actuarial Committee for the Workers Compensation Insurance Rating Bureau of California will review insurer experience from the first quarter o
Category: News
WCIRB Exec Says SB 863 Effects 'Waning;' Stakeholders Disagree on Extent
06/09/2021
their impacts appear to be waning."
Bellusci spoke Monday during a Department of Insurance hearing to discuss the states first-ever Sept. 1 advisory pure premium rate filing.
As WCIRB officials made their case for raising the pure premium rate from 1.45 to 1.50 per 100 of payroll the
Category: News
Commissioner to Weigh Competing Proposals for Sept. 1 Rate Filing
06/08/2021
filings a proposed increase from the Workers Compensation Insurance Rating Bureau and a proposed decrease filed by the actuary for public members of its Governing Committee appear more disparate than at any point in recent years.
After six consecutive decreases the WCIRB is recommending raising
Category: News
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