COVID Surcharge, CT Claim Modifier Likely Out Of Rate Filing

The Workers’ Compensation Insurance Rating Bureau is deep into its analysis of California’s 2020 workers’ comp experience. It is working on the upcoming rate filing, which officials say will be one of its most challenging filings in years. However, two controversial provisions from the most recent filing are unlikely to return.  The Bureau is backing … Read More »

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Mid-Year Rate Filing

Against the backdrop of a possible wave of post-termination cumulative trauma claims, and amid growing pressure from organized labor and worker advocates for a presumption that COVID-19 infections are work-related, the Bureau made a decision.  The Workers’ Compensation Insurance Rating Bureau’s Actuarial Committee decided against making a mid-year rate filing. Actuarial reviewed the year-end 2020 … Read More »

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Claims Experience Is Positive, But Economic Factors May Overwhelm

The California workers’ comp industry’s overall claims experience continued to improve through the end of 2019, according to the latest industry data. Still, concerns are rising that the economic fallout from the COVID-19 pandemic will put an end to the positive results. Industry insiders are preparing for a number of negative outcomes both in the … Read More »

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No Amended Jan. 1, 2016 Rate Filing

The Workers’ Compensation Insurance Rating Bureau’s Governing Committee met this morning to consider amending its Jan. 1, 2016 pure premium rate filing, but opted against a change. Emerging data indicated that the projected loss ratio is down nearly a point from where it was when the Bureau made its filing last month, but insurance industry … Read More »

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Amended Jan. 1, 2016 Rate Filing Unlikely

The Workers’ Compensation Insurance Rating Bureau’s Governing Committee is meeting this morning to consider amending its Jan. 1, 2016 pure premium rate filing, but a change is unlikely. Emerging data indicates that the projected loss ratio is down nearly a point from where it was when the Bureau made its filing last month, but insurance … Read More »

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Carrier Rate Filings Precede WCIRB’s Rate Recommendation

The Workers’ Compensation Insurance Rating Bureau is still completing its calculations for an upcoming double-digit hike in the state’s advisory pure premium rates. This will be for policies incepting or renewing on or after Jan. 1, 2013 and follows the 45% rate hike over the last year adopted by Insurance Commissioner Dave Jones.  There was a … Read More »

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Latest Rate Filings Include Double-Digit Cut

Most of the market that was going to file new pure premium rates did so in November and early December, but a handful of filings continued to trickle in around the holidays. And while there was some variation from the norm, the market seems pretty well set. Among the more interesting filings was a 10.5% … Read More »

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State Fund To Stand Pat On Overall Rates

As California’s State Compensation Insurance Fund continues bleeding premium and market share, it announced yesterday that it would in the aggregate keep its 2008 collectible rate level unchanged from this year. The rates, which adopt the Workers’ Compensation Insurance Bureau’s recommended changes in individual class loss costs, apply to both new and renewal workers’ comp … Read More »

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