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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Pressure Builds to Eliminate COVID-19 Surcharge From 2021 Rates

Insurance Commissioner Ricardo Lara got an earful from the insurance industry saying rates need to go up by 2.6% next year to pay for COVID-19 claims costs – the first increase in California workers’ comp rates since 2015. The increase comes from a controversial proposal by the Workers’ Compensation Insurance Rating Bureau to surcharge all … Read More »

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COVID-19 Premium Surcharge Changes

The Workers’ Compensation Insurance Rating Bureau’s Actuarial Committee just approved amending its filing for 2021. The per-class COVID-19 surcharge that it is recommending to be added to pure premium rates is changing. The Bureau’s Governing Committee is expected to make the adjustment official when it meets in the morning. The Bureau is a private organization … Read More »

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Proposed COVID-19 Surcharge Boosts Rates As Much As

The Workers’ Compensation Rating Bureau of California made it official. It filed for a proposed 2.6% increase in the average advisory pure premium rates for 2021 – the first increase in California’s advisory rates since 2015. And it is the most controversial filing in recent memory. The filing would be for a rate decrease if … Read More »

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