SCIF LAE Appears to Increase Costs for All Employers

Pure Premium Decision Reveals Doubts About SCIF Expenses

By: Nils Wright

The California Department of Insurance made some unusual moves when rejecting the Workers' Compensation Insurance Rating Bureau's recommendation that pure premiums be raised 5.2%. It removed SCIF's higher than standard loss adjustment expenses from the formula calculating industry-wide LAE. Find out why, what effect that had and what the Bureau plans to improve, in the current print edition of Workers' Comp Executive.

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