Double-Digit Rate Hike Graphics
Below you will see a set of charts, by industry sector and class, showing which classes are going up or down. Agriculture Sector 11 Mining Sector 21 …
Tagged in: pure premium
Workers’ Comp Premium Levels Returning to Pre-Pandemic Levels
Workers’ comp premium plummeted in 2020 with the rapid shutdown of the economy in the wake of the Covid-19 pandemic and remained flat through 2021. Industry experts at the Workers’ Compensation Insurance Rating Bureau are predicting a sharp return to pre-pandemic levels, and the latest industry results are in line with projections. The Bureau is …
This content is only available to premium subscribers. Please login here log in
Contractor Losses Appeal Over Premium
This content is only available to premium subscribers. Please login here log in
California’s Excess Workers’ Comp Market
Written premium in California’s excess workers’ comp market grew by over 8% last year to $219 million, a more significant increase than the slight 3% boost the general workers’ comp market saw last year. Safety National Casualty Corp. (a unit of Tokio Marine Holdings’) continues to write well over half the excess coverage in California. …
This content is only available to premium subscribers. Please login here log in
New Rules for the Bureau’s Regs
The California Department of Insurance (CDI) has approved most of the Workers’ Compensation Insurance Rating Bureau’s September regulatory filing. The new rates are still pending. The Bureau says that this approval lowers the threshold for experience rating from $9,500 to $9,200 to reflect wage inflation and the new expected loss rates. Additional approvals include: There …
This content is only available to premium subscribers. Please login here log in
Pure Premium Rate Decision Due Soon
Insurance Commissioner Ricardo Lara heard the Workers’ Compensation Insurance Rating Bureau’s case for why California’s advisory pure premium rates should increase by 7.6%. He also listened to the countervailing argument of why rates should continue their historic drop for at least another rate filing cycle. In both his comments and questions, Commissioner Lara focused on …
This content is only available to premium subscribers. Please login here log in
Rate Increase – Is the Bureau Correct?
Over the last several years Workers’ Comp Executive has not sided with the Workers’ Compensation Insurance Rating Bureau’s recommendations regarding California’s pure premium rates for workers’ compensation. Rather, WCE has …
2021 Year In Review
It is time for Workers’ Comp Executive to provide a list of the most significant California workers’ compensation stories from the previous year. Some years, legislative developments like the 2012 passage of the Baker SB 863 workers’ comp reforms dominate the news. Other years’ market issues such as rising workers’ comp rates or insurance company …
This content is only available to premium subscribers. Please login here log in