09/17/2020
The Workers Compensation Insurance Rating Bureau submitted an amended 2021 pure premium advisory rate recommendation to the California Department of Insurance that would spread projected costs for COVID-19 across six different categories based on risk of exposure.
In August the WCIRB filed
Category: News
09/17/2020
When the Workers Compensation Insurance Rating Bureau of California included COVID-19 related costs in its 2021 pure premium rate filing the Golden State became the first jurisdiction to formally consider the effects of the virus in future rate planning.
Donna Glenn
WCIRB officials
Category: News
09/11/2020
Overall medical payments and payments per claim continued to decline in 2019 with pharmaceuticals experiencing sharp declines in payments according to the Workers Compensation Insurance Rating Bureau of California.
The WCIRB on Thursday released a report on aggregate medical payment trends
Category: News
09/10/2020
affect the proposed rate. The WCIRB in August submitted a filing recommending that the Department of Insurance adopt an advisory rate of 1.56 per 100 of payroll a 2.6 increase over the last approved rate of 1.52. The indicated rate for 2021 would have been 1.50 were it not for the projected cost of
Category: News
09/09/2020
members voted unanimously to recommend not including workers comp data from April May and June.
Dave Bellusci executive vice president and chief actuary for the WCIRB said staff members were concerned the April-through-June data included major distortions that would skew the longer-term rate
Category: News
09/04/2020
rate for policies incepting on or after Jan. 1 to 1.56 per 100 of payroll from 1.52.
Since the WCIRB filed its recommendation with the Insurance Department the Legislature on passed a bill that would codify the presumption the governor created in May and create presumptions covering first
Category: News
09/04/2020
24 cents.
The Workers Compensation Insurance Rating Bureau at the end of August submitted its annual filing recommending the Department of Insurance adopt an advisory rate of 1.56 per 100 of payroll for policies incepting on or after Jan. 1. With projected costs for COVID-19 claims the WCIRB
Category: News
09/03/2020
The Actuarial Committee for the Workers Compensation Insurance Rating Bureau will meet Tuesday to continue analyzing the impact of the COVID-19 crisis on California workers compensation costs as well as the latest insurer experience data.
The WCIRB in August recommended that the California
Category: News
09/02/2020
California written premium for the first quarter of 2020 is about 5 below that for the first three months of 2019 the Workers Compensation Insurance Rating Bureau reported Tuesday.
Written premium through March totaled 4.2 billion compared to 4.4 billion in 2019. The WCIRB revealed in
Category: News
08/31/2020
Workers Compensation Experience Rating Plan 1995; and the Miscellaneous Regulations for the Recording and Reporting of Data 1995. The changes are effective Jan. 1.
The order also approves a new classification for clerical telecommuter employees.
A summary of the changes is here.
The WCIRB on
Category: News