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1055 Results
CDI Holds Hearing on Rate Recommendation
10/08/2018
recommendations in November.
The WCIRB filing is here.
Category: News
Average Charged Rates Fall Below 2012 Levels
09/14/2018
2.32 from 2008 through 2011.
The WCIRB reported that data collected through the end of March showed a 2 drop in written premium last year. Written premium fell to 17.7 billion in 2017 from 18.1 billion in 2016 primarily driven by lower charged rates according to the rating bureau.
The 5
Category: News
WCIRB Study Finds CT Claims Drive Up Pure Premium Rate, ALAE
09/06/2018
difference between the indicated 2018 rates including and excluding cumulative trauma claims is consistent with previous years going back to 2010 according to results of the study presented to the rating bureaus Actuarial Committee on Tuesday.
The WCIRB said the costs of cumulative trauma claims has
Category: News
WCIRB Governing Committee Meeting to Review Rate Filing
09/04/2018
and continued decline in lien filings all contributed to WCIRBs eight consecutive recommended rate cuts since 2015.
The Department of Insurance hearing is at 10 a.m. in the 22nd-floor hearing room at 45 Fremont St. in San Francisco.
The Governing Committee meets at 930 a.m. at the WCIRB office
Category: News
WCIRB Actuarial Committee Reviewing CT Study at Meeting
08/29/2018
The Actuarial Committee for the Workers Compensation Insurance Rating Bureau will hear preliminary findings from a study of cumulative trauma claims during a meeting Tuesday in Oakland.
Members of the Actuarial Committee in December 2017 asked WCIRB staff to study why the rate of cumulative
Category: News
Hearing on 2019 Pure Premium Recommendation Scheduled for Oct. 5
08/29/2018
The California Department of Insurance is holding a public hearing Oct. 5 to consider the Workers Compensation Insurance Rating Bureaus recommendation to cut the advisory pure premium rate by 4.5.
The WCIRB on Aug. 20 filed with CDI its recommendation that the insurance commissioner approve
Category: News
CDI Opens Comment Period on Regulatory Filing
08/23/2018
The California Department of Insurance opened the public comment period on amendments to the Workers Compensation Insurance Rating Bureaus 2019 regulatory filing.
The WCIRB amended its regulatory filing to revise working for a handful of classifications including those for adult day care and
Category: News
WCIRB Files Recommended 4.5% Cut in Advisory Rate
08/21/2018
The Workers Compensation Insurance Rating Bureau on Monday submitted a proposed 4.5 reduction in the pure premium rate as announced previously.
Category: News
Bellusci Explains Why 2019 Proposed Rate Cut is 4.5%
08/13/2018
after Jan. 1. WorkCompCentral compared this to the 1.74 rate that Insurance Commissioner Dave Jones adopted in May.
Bellusci chief actuary and executive vice president of the WCIRB said thats not an accurate comparison.
The commissioner approves a set of about 500 advisory pure premium rates
Category: News
Continuation of Positive Trends Drives Recommended 2019 Rate Cut
08/10/2018
Bureau on Wednesday voted to recommend that the insurance commissioner lower the advisory rate to 1.70 per 100 of payroll for policies incepting on or after Jan. 1 2019.
It is the eight consecutive rate cut the WCIRB has recommended and would result in a cumulative 40 reduction in the advisory
Category: News
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