🚨Compline to provide 2020 X-Mods Daily – Plus Lower Rating Thresholds, Classification Changes & More

Beginning today as the Bureau promulgates the 2020 X-Mods Compline will be releasing them daily. Through a special arrangement with the Bureau, daily updates will last for at least one week. Compline has already updated all its various systems for calculating X-Mods and other affected functions. What was adopted is lower thresholds that qualify an employer … Read More »

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Controversy Erupts Over Reclassifications

The California Department of Insurance is getting a lot of pressure to reject or at the least modify the Workers’ Compensation Insurance Rating Bureau’s proposal to carve up the 8868/9101 private schools classifications. The proposal would create seven new classes and result in 25% annual rate increases for many of the affected employers. In some … Read More »

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CDI: Waiver Backdating Illegal

Last year’s AB 2883 turned one kind of premium fraud into another. The inability of one or more carriers to perform basic underwriting tasks has become a nightmare for brokers, not only from a process perspective but, too from an E&O standpoint. Now, comes the California Department of Insurance (through the Workers’ Compensation Insurance Rating … Read More »

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What’s Behind the Commissioner’s Rate Decision

California Insurance Commissioner Dave Jones’ workers’ comp pure premium rate decision trimmed the rate sought by the insurance industry through the recommendation of the Workers’ Compensation Insurance Rating Bureau. The key difference being the estimated costs of medical services going forward. The Department’s actuaries gave more emphasis to the industry’s recent experience in lowering the … Read More »

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Commissioner Approves Regulatory Filing

Insurance Commissioner Dave Jones approved the bulk of the Workers’ Compensation Insurance Rating Bureau’s regulatory changes for Jan. 1, 2017 new and renewal policies, but is delaying amendments to several class descriptions. The Commissioner’s action clears the way for updating employers’ 2017 X-Mods. A separate decision on 2017 pure premium rates is expected by early … Read More »

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More Scrutiny For Large-Deductible Plans

A working group of the National Association of Insurance Commissioners is reviewing comments and considering changes to a draft plan on how to better regulate the use of large deductible workers’ comp policies. The association last addressed the issue in 2006, and the upcoming report could result in model regulations for the states to follow. … Read More »

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CDI Beats Deadline For Ancillary Agreement Regulations

The California Department of Insurance beat a one-year deadline and filed final proposed regulations to update the state’s filing rules for ancillary or side agreements to workers’ comp policies. The proposed regulations went through five drafts that were bitterly opposed by the workers’ compensation insurance industry and the final documents disclose why the Department consistently … Read More »

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Workers’ Comp Rate Decision Raises Questions

The Commissioner’s approved 2% rate cut for Jan. 1, 2016 advisory pure premium rates more than doubled the industry’s proposed rate cut. Commissioner Jones did so by including the favorable impact of the most recent claims experience that the Bureau opted to ignore. California Department of Insurance actuaries sided with business and labor interests in … Read More »

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