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WCIRB : Early Data Shows Prescription Drug Use Inching Upward

06/16/2020
issues are to workers compensation. Bellusci and Julia Zhang WCIRB managing director for medical analytics brought up the preliminary findings during the bureaus Actuarial Committee meeting Friday. The early data shows a rise in pharmaceutical use during April and May which may be related to

Category: News

WCIRB Governing Board Approves Regulatory Filing, Asks Actuarial Committee to Weigh In

06/12/2020
A Workers Compensation Insurance Rating Bureau committee on Thursday approved a regulatory filing that would create a new classification for California clerical workers who telecommute. But despite voting unanimously on the new filing WCIRB Governing Committee members said they want to hear

Category: News

WCIRB's Governing Committee Meets Thursday

06/08/2020
impact the pandemic is having on 2020 claim experience. As part of the discussion the WCIRB will consider delaying its annual pure premium rate filing to September. By deferring the filing one month past its usual August submission date the WCIRB would be able to consider the impact of June 30

Category: News

Frequency Drops, Cumulative Trauma Claims Rise During Recessions, WCIRB Study Says

06/05/2020
Officials from the Workers Compensation Insurance Rating Bureau on Wednesday reiterated the U.S. had been thrown into a sudden and unprecedented economic downturn thanks to the COVID-19 pandemic that took hold in March. But despite the current economic uncertainty the WCIRB is using

Category: News

WCIRB Committee Recommends New Telecommuting Classification

06/03/2020
assignable to Classification 8810 clerical office employees or to standard classification if that classification specifically includes clerical office employees according to the WCIRB. WCIRB documents state that the new classification will enable the collection of payroll and loss data for these

Category: News

WCIRB Study: Overall WC Claim Frequency Decreases During Recessions

06/02/2020
Over the past six decades workers compensation claim frequency has decreased modestly during times of economic recession according to a new study by the Workers Compensation Insurance Rating Bureau. Julia Zhang WCIRB looked at data between 1961 and 2017 finding that overall claim

Category: News

WCIRB : Fewer — but More Costly — Claims Expected Under Newsom's COVID Presumption

05/29/2020
California could see fewer than expected workers compensation claims related to COVID-19 under Gov. Gavin Newsoms executive order but they on average are likely to be more expensive according to a new cost evaluation from the Workers Compensation Insurance Rating Bureau. WCIRB also

Category: News

WCIRB Releases Evaluation of Governor's COVID-19 Presumption

05/26/2020
The midrange cost of California Gov. Gavin Newsoms presumption that COVID-19 is an occupational disease is 1.2 billion according to a report the

Category: News

Classification and Rating Committee Meeting June 2

05/20/2020
location and will align California with other jurisdictions that assign telecommuters to Classification 8871. The WCIRB committee will also review several classifications that could be revised for clarity consistency and to provide additional direction about how related operations are classified

Category: News

WCIRB : Newsom's COVID-19 Presumption to Cost Between $600M and $1.8 Billion

05/20/2020
medium and high estimates of the number of claims that would be covered under the presumption specifically for health care workers first responders and other employees who work outside the home. On the low side the WCIRB estimates 23600 claims with a price tag of just over a half-billion dollars

Category: News

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