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WCIRB Holds Annual Conference July 18

The Workers Compensation Insurance Rating Bureau of California is holding its 2024 annual conference virtually on July 18. The program will feature a keynote address from WCIRB President and CEO Bill Mudge followed by panels exploring various issues in Californias work comp system. One

Category: News

WCIRB Posts Updated Plans, Manual

Sept. 1. In addition to publishing the updated documents WCIRB announced that its online classification search tool will be updated to reflect new and revised classifications about 30 days before Sept. 1. The revised plans and underwriting manual are available here. More information about the

Category: News

Commissioner Approves Experience Rating for COVID-19

COVID-19 claims to the Golden State. Lara balked at previous efforts from the WCIRB to start including COVID-19 claims when calculating X-mods saying he wanted to protect employers from being penalized with higher rates because of the disease. Now that COVID-19 claims have stabilized and are

Category: News

WCIRB Releases Fourth Quarter 2023 Experience Report

-pandemic level. The average charged rate for 2023 is 5 lower than 2022 and the lowest in decades. The projected combined ratio for accident year 2023 is 2 points higher than in 2022 and is the fourth consecutive year above 100 percent. The full report can be seen here. WCIRB actuaries will

Category: News

Hearing Date Set for WCIRB Pure Premium Rate Filing

The California Department of Insurance set a virtual public hearing on June 6 to consider the Workers Compensation Insurance Rating Bureau of Californias Sept. 1 pure premium rate filing. WCIRB submitted the filing to the CDI on April 25 and recommends that the department increase the

Category: News

WCIRB Submits Pure Premium Filing

The Workers Compensation Insurance Rating Bureau on Thursday said it submitted its annual advisory pure premium rate filing to the California Department of Insurance. The WCIRB is recommending that the department increase the advisory pure premium rate by 0.9. The average proposed advisory

Category: News

WCIRB Approves Recommendation for 0.9% Rate Increase

motion to recommend a rate cut failed 3-8 with all insurance company representatives voting no. Sean Cooper executive vice president and chief actuary for the WCIRB cited increased medical loss development and higher allocated loss adjustment expenses costs directly attributable to a specific

Category: News

WCIRB Committee to Discuss Rate Filing Wednesday

The Governing Committee for the Workers Compensation Insurance Rating Bureau of California will discuss the upcoming advisory pure premium rate recommendation when it meets Wednesday. Since 2021 the WCIRB has submitted its annual pure premium recommendation in April with the new rates taking

Category: News

WCIRB Actuarial Committee Meets Thursday

committee will also review medical severity trends the impact of economic conditions on pure premium rates the impact of 2021 fee schedule changes and insurer experience for 2023. The WCIRB Actuarial Committee is meeting virtually at 930 a.m. A copy of the agenda which includes a link to register

Category: News

WCIRB Webinar to Cover Impact of Employee Tenure on Frequency

The Workers Compensation Insurance Rating Bureau of California is holding a webinar April 18 to discuss results from a study of the impact of employee tenure on claim frequency. About 40 of work comp claims come from those with less than one year on the job the WCIRB said. Workers with less

Category: News

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