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Experts Advise Carriers to Prepare for Consumer Privacy Law
06/17/2019
Merz said during a panel discussion at the WCIRB conference in San Francisco on Thursday.
Although the Assembly voted 77-0 to pass the bill on May 22 Merz said he doesnt expect the measure to get a hearing in the Senate until the second year of the current legislative session.
The Assembly also
Category: News
Profitability Since SB 863 Unprecedented; Friction Remains a Top Concern
06/14/2019
SAN FRANCISCO As the Workers Compensation Insurance Rating Bureau looked toward the dawn of a new era for Californias workers compensation system during its annual conference Thursday attendees remained concerned with the lingering problem of frictional costs.
Bill Mudge
WCIRB
Category: News
Governing Committee Meets Wednesday
06/07/2019
meeting. The WCIRB is considering discontinuing the program based on a study that found its not efficient.
Based on this review staff found that utilizing the WCIRBs regularly enhanced targeted data-driven approaches to identify anomalous data that significantly impacts classification
Category: News
State's Medical Costs Per Claim Creeping Up, WCRI Finds
05/01/2019
than the 6 to 9 per year increase seen from 2005 to 2009. WCRI said the 4 increase in medical costs for 2017 claims is fairly consistent with what WCIRB reported in its quarterly experience report for June 30 2018.
For more details on what contributed to the increased medical costs in 2017
Category: News
WCIRB Committee to Discuss Lowering Audit Threshold
04/26/2019
premiums for paying wages above a certain amount based on the theory that the workers receiving those wages are more experienced skilled and less likely to be injured.
The WCIRB regularly reviews the dual-wage threshold for various industries. It is recommending increasing the cutoff point for more
Category: News
WCIRB Reports 50% Drop in Claims Receiving Opioids
04/25/2019
almost 80 from 2013 to 2017.
The downward trend of opioid prescriptions may be leading to a shift in the patterns of medical treatments for California injured workers the WCIRB said in the report published Wednesday. This potential shift could also result in more utilization of alternative
Category: News
WCIRB : Written Premium Declined for Second Year in 2018
04/12/2019
flat the WCIRB reports. The 26594 indemnity severity for 2018 was only 3 higher than the 2009 level of 25798.
Medical severities that fell sharply in the years surrounding SB 863 the decline started in 2011 one year before SB 863 was signed and two years before it took effect and continued
Category: News
No Mid-Year Filing on Tap for 2019
04/04/2019
against a mid-year rate recommendation citing both the relatively small size of the adjustment that would be necessary as well as some concerns with preliminary data on 2018 claim costs.
The WCIRB has submitted a mid-year filing each year since 2015.
Based on data collected through the end of 2018
Category: News
WCIRB Actuarial Committee Reviewing Impact of Geographic Pricing
03/29/2019
The Actuarial Committee of the California Workers Compensation Insurance Rating Bureau will hear results during a meeting Tuesday in Oakland on a preliminary analysis of new geographic-based medical payment rules.
WCIRB staff conducted an initial review of medical transaction data from July 1
Category: News
WCIRB Announces Committee Election Results
03/25/2019
Four carriers were elected to serve three-year terms on two Workers Compensation Insurance Rating Bureau committees at the ratemakers 103rd annual meeting.
The WCIRB held its annual meeting Wednesday to elect new insurer members to its Governing Committee and Classification and Rating
Category: News
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