08/08/2019
his presentation to the Governing Committee WCIRB Executive Vice President and Chief Actuary Dave Bellusci noted that the indicated Jan. 1 2020 average advisory pure premium rate change reflects continued downward loss development acceleration in claim settlements sharply declining pharmaceutical
Category: News
08/06/2019
state insurance commissioner issues a decision on WCIRBs Jan. 1 2020 regulatory filing.
WCIRB cautions that results from its estimator are approximations based on the information entered and the application does not produce WCIRB-published X-mods.
More information is available here.
Category: News
08/02/2019
advisory pure premium rate. The WCIRB said it anticipates filing the Jan. 1 2020 recommendation during the third week of August.
The Actuarial Committee met Thursday in Oakland to formulate its recommendations for the filing.
The Governing Committee meets at 930 a.m. Wednesday at the WCIRB office
Category: News
07/29/2019
settlement rates have on allocated loss adjustment expense development.
The Actuarial Committee meets at 945 a.m. Aug. 1 at the WCIRB office 1221 Broadway suite 900 in Oakland.
The agenda for the meeting is here.
Category: News
07/29/2019
in medical costs WCIRB said in the report.
At Employers claim frequency as a percentage of payroll on a national level is down year-over-year as is claim severity company officials said.
In California the companys claim frequency as a percentage of payroll is up very very slightly
Category: News
07/23/2019
The California Workers Compensation Insurance Rating Bureau will hold a webinar at the end of the month to discuss its 2019 State of the System report.
Top findings from the report that the WCIRB highlighted in a statement include
Insurance premiums are declining as continued rate
Category: News
07/22/2019
; crept up after 2009 in what WCIRB called a post-recession bump; then flattened out after 2012 according to the presentation.
Workers comp carriers have been watching claim frequency closely since some insurers in 2018 reported an increase which was attributed to the tight labor market and influx
Category: News
07/02/2019
losses in 2018 including benefit payments made by the California Insurance Guarantee Association were 8.4 billion or 48 of insurer calendar year earned premium the WCIRB reports.
Total insurer paid losses excluding CIGA were 8.3 billion or 47 of calendar year earned premium. Combining
Category: News
06/27/2019
The Workers Compensation Insurance Rating Bureau submitted its annual regulatory filing proposing to reduce the final premium amount that would su
Category: News
06/20/2019
The Workers Compensation Insurance Rating Bureau of California posted to the internet slides from the annual conference it held last week in San F
Category: News