WCIRB | Workers’ Comp Executive | Workers’ Comp Executive

Menu

WCIRB Considers Rate Increase

The Workers’ Compensation Insurance Rating Bureau’s Governing Committee will meet later this morning to deliberate about its upcoming September 1, 2022, advisory pure premium rate filing. The agency’s staff will likely recommend increasing California workers’ comp rates again. Earlier attempts were rebuffed by Insurance Commissioner Ricardo Lara and the actuaries at the California Department of … Read More »

This content is only available to premium subscribers. Please login here log in

Long Covid Suspected In 11% Of Mild Cases

The Workers’ Compensation Insurance Rating Bureau says that roughly one out of every ten workers’ comp claims involving mild infections for Covid-19 were still requiring medical treatment four months later. In severe and critical cases, the prevalence of so called “long Covid” was much higher at 36% and 40%, respectively, according to a new report. … Read More »

This content is only available to premium subscribers. Please login here log in

New Companion Classes, Experience Rating Changes Proposed

The Workers’ Compensation Insurance Rating Bureau’s governing committee approved making a regulatory filing to create a new companion class for two classifications in the Electronics Industry Group. The filing will also bring changes to the experience rating plan that would allow Covid-19 claims to factor into an employer’s X-Mod. The Bureau is a private organization … Read More »

This content is only available to premium subscribers. Please login here log in

Class Rate Changes Impacted By LDG Update

The Workers’ Compensation Insurance Rating Bureau’s actuaries have updated the class analysis for the state’s 500+ workers’ comp classifications, and the results show larger swings for more classes. Driving much of the volatility this year was an update to the loss development groups (LDG) that each classification is assigned to for loss development purposes. The … Read More »

This content is only available to premium subscribers. Please login here log in

New Legal Leader At California’s WCIRB

The Workers’ Compensation Insurance Rating Bureau says goodbye to its long-term chief legal officer Brenda Keys next month, but the Bureau has a ready replacement transitioning. The Bureau’s Governing Committee approved the promotion of Kristen Marsh (see photo) from managing counsel to chief legal officer effective April 1st. The Bureau is a private organization with … Read More »

This content is only available to premium subscribers. Please login here log in

State Fund Adjusts Filing As Premium Grows

State Compensation Insurance Fund reports that its net workers’ comp premium earned last year jumped 21.7% as payrolls at California businesses recovered from pandemic-induced shutdowns. However, company officials note that its calendar year loss and loss adjustment expense ratios are both up nearly 5 points (see chart). The financial news will be presented to its … Read More »

This content is only available to premium subscribers. Please login here log in

Key WCIRB Official Retiring

The Workers’ Compensation Insurance Rating Bureau is losing a “Key” member of its executive team next month. Senior vice president and chief legal officer Brenda Keys (see photo) is retiring after nearly 35 years with the organization. Keys sat down exclusively with Workers’ Comp Executive to reflect on a satisfying career spent dealing with issues … Read More »

This content is only available to premium subscribers. Please login here log in

Airline Caterer Fights Rating Bureau Over Reclassification

A catering company that cooks and plates meals for airline industry clients is fighting a move by the Workers’ Compensation Insurance Rating Bureau that could nearly triple its workers’ comp premium. Since its beginning, the company’s operations have been classified under 9079 – restaurants. But the Bureau is now saying it should be classified as … Read More »

This content is only available to premium subscribers. Please login here log in