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Insurance Commissioner to Decide on WCIRB Regulatory Proposal Following Public Meeting​

05/19/2020
claims occurring on or after Dec. 1 2019. The newly established codes would help the WCIRB and stakeholders quantify costs of claims from COVID-19 said Dave Bellusci executive vice president and chief actuary for the organization. Second claims arising directly from a COVID-19 diagnosis on or

Category: News

WCIRB Committee to Talk Potential Costs and Impacts of Newsom's COVID-19 Order

05/11/2020
and employers otherwise carrying their own risk. WCIRB previously estimated the cost of a COVID-19 presumption could range from 2.2 billion to 33.6 billion. The midrange cost for the bill was estimated to be 11.2 billion including 6.7 billion in medical costs and 3 million in loss adjustment

Category: News

Dozens of Groups Urge Newsom, Legislators Not to Pass Conclusive COVID Presumption

05/04/2020
presumption in AB 644 could range from 2.2 billion to 33.6 billion. The WCIRB estimates the midrange cost for the bill to be 11.2 billion including 6.7 billion in medical costs and 3 million in loss adjustment expenses. Total workers compensation payments in 2018 were 23.5 billion including 6.9

Category: News

WCIRB Reviews Fourth Quarter 2019 Experience Report, But Uncertainty Over COVID Looms

05/01/2020
to the economic fallout from the COVID-19 pandemic. This is a unique period. This is our last look at pre-COVID data said WCIRB Vice President and actuary Tony Milano. Written premium fell from 17 million to 15.9 million between 2018 to 2019 a 6 drop. The 2019 figure represents a 12

Category: News

Lara Makes Appointments to CIGA, WCIRB

04/29/2020
for Root Insurance in a member insurer seat for the remainder of an existing term ending Dec. 31 2022. The commissioner also reappointed Jeremy Smith to the WCIRB Governing Committee. The Governing Committee sets policy oversees management of the affairs of the WCIRB and oversees all issues

Category: News

WCIRB Launches COVID-19 Resources Web Page

04/28/2020
The Workers Compensation Insurance Rating Bureau of California added a COVID-19 resource page to its website. The WCIRB said the web page should make it easier for employers workers and insurance professionals to find information about proposed regulatory changes webinars and research about

Category: News

WCIRB Releases Presentation on Proposed COVID-Related Rule Changes

04/27/2020
available on the WCIRB Webinars page of the WCIRB website. During the presentation WCIRB officials discuss three proposed regulatory changes intended to assist employers during the COVID-19 pandemic. The three changes include excluding workers compensation claims directly arising from a diagnosis of

Category: News

WCIRB Releases Fourth Quarter 2019 Experience Report

04/27/2020
the report. From 2018 to 2019 the charged rate fell from 2.26 per 100 of payroll to 2. The approved advisory pure premium rates on Jan. 1 2020 were approximately 47 below the same period in 2015 according to the report. Because of lower premium rates the WCIRB is projecting the accident

Category: News

CDI Schedules May 18 Hearing on Proposed COVID-19 Changes

04/23/2020
day of the hearing. The WCIRB is proposing three changes including Exclude from experience rating calculations the costs for claims arising directly from a diagnosis of COVID-19 with an accident date on or after Dec. 1 2019. Exclude from reportable payroll any payments made to employees

Category: News

Farm Bureau Ramps Up Opposition to COVID-19 Presumption

04/23/2020
are self-insured or part of captive groups and would still face high benefit costs if a COVID-19 presumption is applied to all workers. The WCIRB has estimated the cost of the presumption in AB 644 could range from 2.2 billion to 33.6 billion. The WCIRB estimates the midrange cost for the bill to

Category: News

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