Workers’ Comp Rate Decision
Insurance Commissioner Ricardo Lara again rejected the insurance industry’s request for an increase in the state’s workers’ comp advisory pure premium rates and approved a 3.4% decrease for rates as …
Tagged in: pure premium
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 …
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Employers & Brokers Can Influence Rate Decision
Insurance Commissioner Ricardo Lara will hold a hearing next month to review the insurance industry’s request for a 2.7% increase in California’s workers’ comp advisory pure premium rates. At the …
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 …
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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 …
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Few Swinging Classes Reach Limits
California’s rule protecting employers from wild swings in workers’ comp rates will only apply to a few classes next year. Initial data from the Workers’ Compensation Insurance Rating Bureau indicates that only eight classes will bump up against the 25% up or down limit. Some of these may not be affected when the final pure …
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2020’s Biggest Workers’ Comp Stories – A Year In Review
Workers’ Comp Executive launches each new year with the publication of a list of the “Top Stories” from the prior 12 months. Some years are more newsworthy than others, but we certainly had some doozies during what was our 30th year covering the California workers’ comp industry. Beset by the COVID-19 pandemic, Governor Newsom followed …
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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 …
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