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WCIRB : Frequency, Costs Significantly Higher in SoCal
12/02/2019
adjustment expenses in the Bakersfield and Los Angeles regions are also significantly higher than in the remainder of the state according to the report.
WCIRB also reports that the share of open indemnity claims has decreased substantially in all parts of the state since 2013. The largest decreases were
Category: News
Actuarial Committee to Meet Dec. 5
11/27/2019
.
Incremental loss development methods.
Potential 2020 actuarial and research study projects.
The Actuarial Committee meets at 945 a.m. Dec. 5 at the WCIRB office 1221 Broadway Suite 900 in Oakland.
The agenda is here.
Category: News
WCIRB Offers 'CompEssentials' Certification
11/08/2019
The Workers Compensation Insurance Rating Bureau of California has launched a CompEssentials certification program.
WCIRB CompEssentials certification is available to those who take and pass four courses including a new About the System course. The other courses are Classification
Category: News
WCIRB Execs Testify in Support of 5.4% Rate Cut
10/17/2019
Workers Compensation Insurance Rating Bureau executives cited downward loss development in California faster claim settlement rates falling pharmaceutical costs and increasing wages in support of a proposed 5.4 rate cut for 2020.
Bill Mudge
The WCIRB in August recommended that the
Category: News
WCIRB Offers X-Mods and More Service to Agents, Brokers
10/16/2019
-mods; reported policyholder names and addresses; as well as assigned classifications.
After completing the initial setup participating agents and brokers can connect with X-Mods and More for no charge by submitting a WCIRB-assigned bureau number or a policyholders Federal Employer Identification
Category: News
WCIRB : $10B in Savings Since SB 863 Enacted
10/11/2019
effect the WCIRB reports that the approximately 3 billion in annual savings attributable to the bill more than offset the 800 million annual increase in benefits.
SB 863 has achieved one of its original legislative intents to more than offset the increased permanent disability benefits through
Category: News
WCIRB Releases 2019 Policy Year Statistical Report
10/08/2019
also included in the report.
The report is available on the research page of the WCIRB website here.
A direct link to the report is here.
Category: News
C&R Committee Meeting Oct. 15
09/30/2019
The Workers Compensation Insurance Rating Bureau of California Classification and Rating Committee will discuss efforts to improve data quality programs during an Oct. 15 meeting in Oakland.
The committee will discuss ongoing efforts to improve the effectiveness of the WCIRB Policy Data
Category: News
Work Comp Starts to Grapple With AB 5 Implications
09/24/2019
have of course been discussing the impact of the bill but dont yet have any analyses complete said Dave Bellusci WCIRB executive vice president and chief actuary. Bellusci didnt provide a timeline for when such an analysis might be completed.
Bill Zachry a senior fellow with the Sedgwick
Category: News
WCIRB Posts 2020 Plans and Manuals
09/23/2019
The Workers Compensation Insurance Rating Bureau has posted to its website updated plans and manuals for 2020.
The documents reflect changes proposed in a WCIRB regulatory filing that will take effect Jan. 1. California Insurance Commissioner Ricardo Lara approved the filing on Sept. 5.
The
Category: News
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