Tips, Restaurant Industry Segments Under Review

The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee is backing a study of California’s two food and beverage classifications – class 9079 covering Restaurants or Taverns and class 8078 covering Sandwich Shops and other small eating establishments. The expected outcome is a recommendation to start including the tips that servers in restaurants earn … Read More »

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Workers’ Comp Filing Proposed Changes

The industry-backed committee charged with updating California’s workers’ comp classifications and the rules for calculating premium approved a number of changes. The changes include increasing the state’s dual wage thresholds and updating the minimum and maximum payroll limits for 16 different classifications. The most important change, however, might be the sunsetting of two Covid-19 rules. … Read More »

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Pandemic-Related Claims Down in 2021

The Workers’ Compensation Insurance Rating Bureau reports that claims from workplace exposure to the SARS-CoV-2 virus resulting in workers’ comp claims all but disappeared from March through July this year. But researchers expect a rebound in the second half of the year following the higher infection rates seen from the Delta variant. The Bureau is … Read More »

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CDI Focuses On Frequency in Workers’ Comp Rate Filing

The California Department of Insurance continues to review the insurance industry’s request for a 2.7% workers’ comp rate hike. Documents obtained by Workers’ Comp Executive indicate that an important area of focus is the Workers’ Compensation Insurance Rating Bureau’s indemnity claim frequency projection. The difference between the Bureau’s projection and one developed by an independent … Read More »

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The Case For a Workers’ Comp Rate Cut

The insurance industry officially asked Insurance Commissioner Ricardo Lara to approve a 2.7% hike in California’s advisory workers’ comp pure premium rates as of September 1, 2021. Employers are backing an alternative recommendation for an 8.2% decrease based on the analysis by actuary Mark Priven of Bickmore on behalf of the public members to the … Read More »

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Will 10,000 Employers Be Added To Experience Rating?

The Workers’ Compensation Insurance Rating Bureau says its experience rating model can effectively rate employers with expected annual losses as low as $500 but is considering a go-slow approach that would lower the rating threshold in stages. The WCIRB is looking at adding 10,000 of the 300,000 employers that it believes can be effectively rated … Read More »

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California Rate Recommendations’ Differences Largest In A Decade

The Workers’ Compensation Insurance Rating Bureau made its pure premium rate filing official last week and sought a 2.7% increase in California workers’ comp advisory rates effective September 1, 2021 – the first increase since rates began to fall in 2015. The filing is at odds with the recommendations made by the public members of … Read More »

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Workers’ Comp Rates Likely to Increase

The Workers’ Compensation Insurance Rating Bureau’s staff of actuaries will be presenting their recommendations for a September 1st, 2021, California pure premium rate filing to the Bureau’s governing committee members later this morning. The actual rate recommendation was unknown as of deadline because the staff was still adjusting for the economic impact of the COVID-19 … Read More »

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