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WCIRB : Written Premium Falls, Frequency and Combined Ratio Rise

05/26/2022
Written premium for 2021 was 2 below that for 2020 and 14 below that for 2019 the Workers Compensation Insurance Rating Bureau of California said in its fourth quarter experience report released Wednesday. The WCIRB also reports that the combined ratio increased in 2021 as did indemnity

Category: News

WCIRB Webinar to Cover Recommended Rate Hike

05/25/2022
The Workers Compensation Insurance Rating Bureau of California is holding a webinar on June 1 to discuss its recommended 7.6 advisory pure premium increase for policies incepting on or after Sept. 1. Dave Bellusci The WCIRB earlier in May submitted to the Department of Insurance its

Category: News

CDI Schedules June 14 Hearing on Proposed Rate Increase

05/13/2022
on or after Sept. 1. California insurance commissioners have reduced the advisory rate each year since 2015 including each of the last two years when the WCIRB recommended a rate increase. The Department of Insurance is holding a virtual public hearing on the rate recommendation at 10 a.m

Category: News

WCIRB C&R Committee Meets May 17

05/05/2022
The Classification and Rating Committee for the Workers Compensation Insurance Rating Bureau of California will meet virtually on May 17. Membe

Category: News

WCIRB Submits Rate Filing

05/02/2022
the WCIRB but Insurance Commissioner Ricardo Lara approved rate cuts for 2020 and 2021. In fact the advisory pure premium rate has gone down each year since 2015. The WCIRB said it will issue another statement when the Insurance Department schedules a hearing on the rate recommendation. In the

Category: News

WCIRB Calls Experience Rating COVID Claims a Financial Incentive for Safety

04/27/2022
during a public hearing Tuesday. Dave Bellusci This really is consistent with the spirit and intent of experience rating WCIRB Executive Vice President and Chief Actuary Dave Bellusci said. An employer who is very careful and follows the protocols is going to have less COVID-19 claims than

Category: News

WCIRB Recommends 7.6% Rate Hike

04/21/2022
reflecting insurer experience through the end of 2021 excluding COVID-19 claims includes an average 0.5 provision for the projected cost of COVID-19 claims to be incurred on policies after the start of September the WCIRB said in a statement. The difference appears to amount to about a penny per 100 of

Category: News

Governing Committee to Discuss Rate Filing at Wednesday Meeting

04/18/2022
The Workers Compensation Insurance Rating Bureau of California Governing Committee will discuss the 2022 advisory pure premium rate filing during a meeting Wednesday. Committee members will discuss and possibly vote on an annual rate filing that the WCIRB said it anticipates filing with the

Category: News

Insurance Commissioner Announces CIGA, WCIRB Appointments

03/25/2022
Insurance Commissioner Ricardo Lara appointed three members to the California Insurance Guarantee Association board of governors and one member to th

Category: News

CDI Public Hearing on 2022 Regulatory Filing Set for April 26

03/22/2022
The California Department of Insurance will hold a public hearing April 26 to consider the Workers Compensation Insurance Rating Bureaus Sept. 1 2022 regulatory filing. The WCIRB is proposing amendments to the standard classification system including wage and payroll limitations. The

Category: News

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