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Hearing Set for WCIRB Regulatory Filing

03/28/2023
The California Department of Insurance announced that it will hold a public hearing on April 24 to consider the Workers Compensation Insurance Rating Bureau of California's Sept. 1 2023 regulatory filing. WCIRB submitted the filing on proposed insurance classification and rating rules to CDI

Category: News

WCIRB Actuarial Committee Meets Tuesday

03/16/2023
report for the last quarter of 2022 as well as diagnostics that will be used for analyzing data from the first quarter of 2023. The committee will also review COVID-19 claim diagnostics and the impact of the economic slowdown on pure premium rate indications. The WCIRB Actuarial Committee meets

Category: News

WCIRB Proposes Increasing Threshold for Experience Rating

03/01/2023
classification code. The sum must equal or exceed the minimum eligibility threshold. The WCIRB on Tuesday submitted to the Department of Insurance its annual regulatory filing that proposes to increase the threshold for experience rating to 10200 from 9200 to reflect wage inflation and proposed Sept. 1

Category: News

WCIRB Webinar to Profile Health Care Industry

02/03/2023
. The WCIRB will discuss operational characteristics work comp claim cost patterns and key cost drivers for the sector. WCIRB Executive Vice President and Chief Actuary Dave Bellusci will partner with Esther Li associate director of data analytics and WCIRB data analysts Jiamei Wang and Noah

Category: News

WCIRB C&R Committee Meets Tuesday

01/26/2023
accounting for 6 of premium and 7.7 of policies in 2019. Based on the analysis the WCIRB is considering including in its 2023 regulatory filing a recommendation to split classification 9079 into several new codes for bars and taverns caterers restaurants and hotels. Committee members will hear an

Category: News

WCIRB : Litigation, Late Reporting More Prominent for Post-Termination CT Claims

01/05/2023
Cumulative trauma claims have always been a key cost driver in Californias workers compensation system WCIRB Executive Vice President and Chief Actuary Dave Bellusci said during a webinar Wednesday. Nearly one out of every five non-COVID-19 claims filed in accident year 2020 19.8 alleged a

Category: News

WCIRB Releases Third Quarter 2022 Experience Report

12/22/2022
of Sept. 30. Premium on policies incepting in the three quarters of 2022 is 7 higher than premium on policies incepting in the first nine months of 2021 the WCIRB said in its latest quarterly experience report. Average charged rates are down 7 compared to the same period in 2021 and the

Category: News

WCIRB Webinar to Cover CT Claims

12/13/2022
The Workers Compensation Insurance Rating Bureau will discuss findings from its study of cumulative trauma claims in California during a Jan. 4 webinar. The WCIRB recently published its report on the medical characteristics of cumulative trauma claims which account for about 8 of all claims

Category: News

Report: CT Claims Tend to Be Income-Replacement Only, Litigated More

12/12/2022
of indemnity cumulative trauma claims involving more than 1000 in expenses are attributed to settling and defending claims while only 53 of other claims do WCIRB found in its analysis of CT cases which account for about 8 of all claims and 13 of indemnity-only claims. Twenty-seven percent

Category: News

WCIRB Governing Committee Meets Wednesday

12/12/2022
The Workers Compensation Insurance Rating Bureau of California Governing Committee will meet virtually at 930 a.m. on Wednesday. At the meeting committee members will discuss potential actuarial and research projects for 2023 WCIRB policy data quality program revisions and a schedule of

Category: News

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