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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COVID Surcharge, CT Claim Modifier Likely Out Of Rate Filing

The Workers’ Compensation Insurance Rating Bureau is deep into its analysis of California’s 2020 workers’ comp experience. It is working on the upcoming rate filing, which officials say will be one of its most challenging filings in years. However, two controversial provisions from the most recent filing are unlikely to return.  The Bureau is backing … Read More »

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Dramatic Expansion of Experience Rating System Floated

Changes now under consideration could double or even triple the number of experience-rated employers in California. The Workers’ Compensation Insurance Rating Bureau is researching changes that would give X-Mods to 250,000-300,000 small employers or more. The small employers are mostly claim free risks that would see a 5% credit mod, but those with workers’ comp … Read More »

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Workers’ Comp and COVID: Dodging A Bullet?

In the early days of the COVID-19 outbreak, industry actuaries and workers’ comp claims professionals discussed the pandemic’s likely impacts on the workers’ comp system. There were wild swings in projections from the unbelievable and unrealistic to something else. Expectations were high that workers’ comp premium would drop significantly due to massive job losses as … Read More »

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Delayed Care Due To Pandemic Could Have Costly Repercussions

California’s workers’ comp claims data show a sharp drop off in medical treatments during the early months of the COVID-19 pandemic as the state was under a shelter-in-place order. Industry researchers warn that these missed treatments could lead to worse outcomes for the injured workers with employers paying the ultimate bill. The Workers’ Compensation Insurance … Read More »

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No Change For Audit Threshold, But Payroll Limits Might Increase

A key committee at the Workers’ Compensation Insurance Rating Bureau is opting against making any changes to the amount of workers’ comp premium required to trigger the need for a physical audit of an employer’s payroll. The Classification and Rating Committee, however, did approve a plan to file an increase in the minimum and maximum … Read More »

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