Tagged in: WCIRB
Presumption Estimates Slashed for Workers’ Comp
Gov. Gavin Newsom’s decision to issue a limited-term workers’ comp presumption for claims related to Coronavirus has California’s rating agency planning to drastically cuts its cost estimate for the presumption …
Emergency Regulations For COVID-19 Claims In The Works
The Workers’ Compensation Insurance Rating Bureau hopes to have emergency regulations ready for Insurance Commissioner Ricardo Lara in a matter of weeks to outline how the industry will handle COVID-19 …
Commissioner Lara Faces First Test On Workers’ Comp Rates
California Insurance Commissioner Ricardo Lara is in the midst of his first review of the industry’s annual workers’ comp rate filing. He is facing a tough decision: go with the …
Four Workers’ Comp Classifications Become Two
The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee approved a staff proposal to merge two classifications with relatively low credibility into two other classes as of Jan. 1, …
CIGA’s Financial Outlook Continues To Improve
The California Insurance Guarantee Association (CIGA) is reporting more positive news on its financial outlook. The agency says an updated actuarial analysis trimmed one critical financial estimate by $290 million. …