06/01/2021
workers comp policies incepting in 2020 fell to 1.77 down 9.2 from 1.95 in 2019 and 40.4 below the 2014 peak of 2.97 the CWCI bulletin reads. Insurers charged rates have continued to decline since enactment of SB 863 reforms and since 2015 the WCIRB Governing Board has recommended a string of
Category: News
05/27/2021
California Basic Underwriting Manual are available in the Filings and Plans section of the WCIRB website.
At the same time the WCIRB said its online classification search tool will be updated to reflect the new and revised classifications about 30 days before the Sept. 1 effective date to minimize the
Category: News
05/19/2021
and Rating Committee meeting.
The WCIRB calculates X-mods for businesses that are eligible for experience rating by comparing actual losses medical and indemnity costs paid or expected to be paid to expected losses based on the projected losses for the industry in which it operates. According
Category: News
05/17/2021
A seven-year run of accident year combined ratios below 100 is projected to end in 2020 according to the latest insurer experience report published by the Workers Compensation Insurance Rating Bureau of California.
The WCIRB projects a combined ratio of 102 for 2020 up from 95 in 2019
Category: News
05/13/2021
values.
X-mods provided by the estimator are informational only and are approximations based on the information entered. The estimator does not produce WCIRB-published X-mods.
The estimator is a spreadsheet that is available here.
More information is here.
Category: News
05/12/2021
limitation changes will take effect Sept. 1 2022.
The WCIRB submitted the regulatory filing Feb. 26.
The Sept. 1 regulatory filing is separate from the WCIRB's Sept. 1 pure premium rate filing.
CDI will host a hearing on the pure premium rate filing June 7.
Category: News
05/10/2021
-Anaheim.
Current law requires the licensed rating organization the WCIRB to operate a website people can use to determine whether a specific employer had work comp coverage on a specific date in the last five years. The insurance commissioner was required to conduct a review of the WCIRBs website
Category: News
05/10/2021
The Workers Compensation Insurance Rating Bureaus inaugural Sept. 1 pure premium rate filing was one of the most difficult in the bureaus recent history because the COVID-19 pandemic has impacted nearly every component of Californias comp system WCIRB actuaries said.
Dave Bellusci
Category: News
05/03/2021
over the rate of 1.45 that the insurance commissioner adopted for policies incepting on and after Jan. 1. When the last approved rate is recalculated using the same relativities that went into the Sept. 1 recommendation the indicated rate represents a 2.7 increase.
The WCIRB said it will issue
Category: News
04/29/2021
The Workers Compensation Insurance Rating Bureau will discuss how recent fee schedule changes could impact costs in Californias comp system on May 13.
The WCIRB performed a cost evaluation of significant changes that the Division of Workers Compensation adopted to the Medical-Legal Fee
Category: News