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CDI Schedules April 8 Hearing on Regulatory Filing
03/05/2021
The California Department of Insurance will hold a public hearing April 8 to review the Workers Compensation Insurance Rating Bureaus Sept. 1 regulatory filing.
The WCIRB in February filed proposed changes to the California Workers Compensation Uniform Statistical Reporting Plan and to the
Category: News
WCIRB Submits Sept. 1 Regulatory Filing
03/01/2021
The Workers Compensation Insurance Rating Bureau of California on Friday submitted a proposed Sept. 1 regulatory filing that would among other things lower the experience rating threshold.
The WCIRB is proposing that the insurance commissioner reduce the experience rating eligibility
Category: News
WCIRB Attempting to Account for COVID Impacts on 2020 Development, Sept. Rate Filing
02/18/2021
factors because of delayed claims activity and would potentially distort the WCIRBs loss projections when it submits its next rate filing in April the bureau said.
Because of that the WCIRB will look to replace some factors such as second- and third-quarter claim settlement rates and medical
Category: News
WCIRB : Drug Formulary Has Helped Reduce Prescription Costs, UR Requests
02/12/2021
Insurance Rating Bureau.
And although WCIRB researchers acknowledged that the COVID-19 pandemic might be impacting more recent data figures from 2018 through the first quarter of 2020 show the formulary has succeeded in helping reduce pharmaceutical and frictional costs within the states comp system
Category: News
WCIRB Actuarial Committee to Discuss Experience Rating Plan Values for Sept. 1 Filing
02/10/2021
The Workers Compensation Insurance Rating Bureaus Actuarial Committee on Tuesday is expected to discuss proposed experience rating plan values for the bureaus Sept. 1 2021 regulatory filing.
WCIRB staff will provide analyses of the indicated experience rating off-balance factor and those
Category: News
WCIRB Reports Drops in Compounds, Opioids in Formulary Analysis
02/10/2021
and any medications not listed in the formulary remain subject to prospective review.
The WCIRB said the share of prescriptions for drugs that are not subject to prospective review continued to increase in 2019 and early 2020 while the share of drugs that are subject to review continued to decline
Category: News
WCIRB Governing Committee Meets Wednesday
02/08/2021
WCIRB plans to submit.
Committee members will also review recommendations that the Classification and Rating Committee made during an Oct. 13 meeting.
The Governing Committee meets virtually at 930 a.m. Wednesday. Registration information is included in the agenda here.
Category: News
WCIRB Committee Says Insurers Should Have Options for Reporting '21 COVID Charges
02/03/2021
filed rates.
Dave Bellusci
Although no formal vote was taken members appeared to agree that carriers should have the option of either submitting charge data to the WCIRB via the new code or filing the information in a rate plan adjustment with the Department of Insurance.
Either way should
Category: News
WCIRB Webinar to Explore Impact of Formulary
01/28/2021
The Workers Compensation Insurance Rating Bureau of California is holding a webinar Feb. 11 that will explore the impact of the prescription drug
Category: News
WCIRB's C&R Committee Meets Feb. 2
01/25/2021
The Workers Compensation Insurance Rating Bureau of California WCIRB Classification and Rating Committee will meet via webinar teleconference at 930 a.m. Feb. 2.
Committee members will review
Reporting of COVID-19 premium charges.
Withdrawal of classification enhancements to the
Category: News
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