08/02/2022
classified classifications used when multiple classifications are applicable to an industry but none of them more accurately describe the employers business. Over time the WCIRB said the classifications can become overly broad and lump together disparate businesses.
Based on the analysis the WCIRB is
Category: News
07/29/2022
The Workers Compensation Insurance Rating Bureau of California named Andrea Coleman as executive vice president and chief operating officer.
Andrea Coleman
As an executive the WCIRB said Coleman the senior leader for its finance human resources marketing outreach and educational
Category: News
07/28/2022
WCIRB said the decrease was driven by rate reductions that more than offset increases in payroll.
The 4.4 billion in premium through the first three months of 2022 however is 22 above that for the same period in 2021 and 5 above what it was in the 1st quarter of 2020.
The average rate charged
Category: News
07/26/2022
employers claim frequency in 2019 increased to nearly half 49.5 of the claim frequency in 2020 and still represented 47.7 in 2021.
Reports from the Workers Compensation Insurance Rating Bureau of California indicate a similar trend among claims for insured employers.
The WCIRB reported a sharp
Category: News
07/21/2022
Written premium in 2021 didnt recover from the shockwaves of the COVID-19 pandemic as expected but officials with the Workers Compensation Insurance Rating Bureau of California said theyre optimistic of a return to pre-pandemic levels this year.
Dave Bellusci
WCIRB Executive Vice
Category: News
07/19/2022
difference and ordered the rate remain unchanged at 1.45 per 100 of payroll.
The WCIRB recommended the commissioner adopt an advisory rate of 1.56 per 100 of payroll for policies incepting on or after Sept. 1. The recommended rate is a 7.6 increase over the rate the commissioner adopted last year
Category: News
07/06/2022
Bureau found when analyzing the med-legal fee schedule changes for the purposes of its annual advisory pure premium rate recommendation.
The WCIRB initially projected the new fee schedule would increase med-legal costs by about 22 but the actual increase was about 39.
Executive Vice President
Category: News
06/30/2022
classification and payroll changes the WCIRB recommended in its annual regulatory filing but declined to adopt the proposal to use COVID-19 claims filed on or after Sept. 1 when calculating employers experience ratings.
After weighing and considering the evidence and arguments I conclude it is unreasonable
Category: News
06/24/2022
medical development on COVID-19 claims and paid medical indemnity and loss expense development. The committee will also review settlement rates for COVID-19 claims.
Separately the Actuarial Committee will discuss insurer experience as of March 31.
The WCIRB Actuarial Committee meets virtually at 9
Category: News
06/16/2022
reforms enacted in 2013 and subsequent years are waning WCIRB officials testifying during the Insurance Department hearing on the rate recommendation Tuesday also noted that average charged rates are at a 50-year-low. And even if the insurance commissioner approves the recommended increase rates for
Category: News