CDI Considering Class Changes, Updated ELRs

The California Department of Insurance held a public hearing last week to take public comment on the September 1, 2025, regulatory filing by the Workers’ Compensation Insurance Rating Bureau. The proposal, which includes several classification changes, increases to the minimum/maximum payroll limits for certain classes, and updates to the ELRs and D-Ratios, drew little response … Read More »

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Workers’ Comp Carrier Results

The workers’ comp industry continued its decade-long run of profitability in California and nationwide. Results extracted from a new National Association of Insurance Commissioners report show carriers nationwide reported a … Read More »

What Costs are Driving Workers’ Comp Rate Increase?

The Workers’ Compensation Insurance Rating Bureau and its insurance carrier members are filing for an 11.2% overall increase in the advisory pure premium rates for policies incepting on or after September 1, 2025. The industry says the increase in experience alone justifies a rate hike of over 13%, but the independent actuary representing employers and … Read More »

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SHOCKER: Bureau Votes for Huge Rate Increase

The insurer member majority on the Workers’ Compensation Insurance Rating Bureau’s Governing Committee voted to ask Insurance Commissioner Ricardo Lara for a whopping 11.2% overall rate increase effective with policies … Read More »

Medical Severity Trends Raising Concerns

Workers’ comp medical costs showed a sharp uptick in 2024, and the news is worrisome for the industry. Payments for all medical services increased by 12% per claim, but several cost categories were growing much faster than others. Actuaries for workers’ comp insurers and the Workers’ Compensation Insurance Rating Bureau discussed the latest trends as … Read More »

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Bureau Files Classification Changes

The Workers’ Compensation Insurance Rating Bureau officially asked Insurance Commissioner Ricardo Lara to approve changes to the classification system to create a new wholesale baked goods class, eliminate manufacturing classes for sugar, cottonseed oil, and butter substitutes, and move these employers to new classes. The proposal also includes changes for coffee bean roasting, vape juice … Read More »

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Audit Dispute Over “Change In Control” Payouts

The California Department of Insurance, Administrative Hearing Bureau, is being asked to determine whether $96.7 million in “change in control” payments to certain employees of a veterinary clinic chain should be included in payroll for workers’ comp premium calculations. The workers’ comp carrier included the one-time payments in its payroll audit and is seeking nearly … Read More »

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