Workers’ comp experts say that GT’s Living Food’s (GTLF) admitted failure to report roughly 97% of its payroll artificially inflated the rates of other employers in its class. The unreported payroll amounted to approximately 4% of the total payroll that went into rate making which means that the adopted rate was roughly 4% higher than …
What changes does the Workers’ Compensation Insurance Rating Bureau have in store for employers in the food and beverage manufacturing industry? How will these changes affect the rates the covered employers pay? In one case the difference in loss to payroll ratio is nearly 80%. Next week, the Workers’ Compensation Insurance Rating Bureau’s Classification and …
In a new twist for California workers’ comp, the Bureau’s Classification and Rating Committee is formally recommending increasing the maximum payroll limits for two dozen classifications. The industry is used to this concept as applied to owners and executives. The Committee also gave Bureau staff the go-ahead to study setting a maximum payroll limit for …