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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Compline Goes Daily in Major Upgrade

The Compline X-Mod database and associated systems have moved to daily updates. Compline members now get workers’ comp X-Mod changes daily and receive Modwatch – notices X-Mod changes for risks … Read More »

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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Dismissed Fraudulent Liens Could Lower X-Mods & Collateral Amounts

The California Division of Workers’ Compensation removed over $18 million in liens connected to a convicted fraudster. The liens are divided among 944 workers’ comp claims at an average amount of over $19,000. When reserves for these liens are taken down it will positively impact employers’ X-Mod’s, including some in the past. Dollars associated with … Read More »

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Commissioner Approves Coronavirus Rule Changes

Insurance Commissioner Ricardo Lara is giving the go-ahead to a unique set of changes to the state’s classification and experience rating rules to provide workers’ comp premium relief to California employers. The Commissioner approved the regulatory filing by the Workers’ Compensation Insurance Rating Bureau that allows for three crucial changes: Employees shifted to work-from-home status … Read More »

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81% of Employers Likely Impacted by X-Mod Change

California’s experience rating system went to a variable split point system for differentiating between primary and excess losses in 2017. The underlying data for each of these points hasn’t been updated since the system went live. Each split point encompasses a range of expected losses that determine which split point applies to which risks. A … Read More »

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Emergency Regulations For COVID-19 Claims In The Works

The Workers’ Compensation Insurance Rating Bureau hopes to have emergency regulations ready for Insurance Commissioner Ricardo Lara in a matter of weeks to outline how the industry will handle COVID-19 related claims for experience rating and rate-making purposes. The designated statistical agent is also working with its committees and the industry to identify the direct … Read More »

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X-Mod Changes for 2019

Brokers and employers should get ready for yet more changes to California’s experience rating formula. In 2019 changes will reduce the impact of first aid type claims on employers’ X-Mods but will also result in small X-Mod increases for loss-free accounts. The changes eliminate the first $250 from all claims which means that claims with … Read More »

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